NIFTY Resistance is shifting from 24000 to 23800 level indicating downward moment in near terms and range bound moment between 23500 - 24000 expected.
The upward movement may lead to 24000 – 24050 resistance range and if the index crosses and sustains above this level then may reach near 24250 – 24300 range.
On the contrary, The downward moment may drag the Index to 23550 – 23500 support range in downward momentum and if this support is broken then index may tank near 23300 – 23250 range.
Trade closed: target reached
Gap down opening with high near 23760 and further tank to low near 23625 with close near 23635.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.