As we can see NIFTY had been testing 23850 levels multiple times now, making it weaker. The agreement made between US and Iran to open up Hormuz, can act as a catalyst to further fuel the upmove. Hence, we can expect NIFTY to show strong upmove above 23850 levels. It will be important now to see it NIFTY manages to hold itself above the level or not, else it could result in another trap that could result in strong fall. So, plan your trades accordingly and keep watching everyone.
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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.