NIFTY The U.S. has again rejected Iran's proposal to end the West Asia conflict and reopen the Strait of Hormuz. Consequently, the status quo remains unchanged and is deteriorating. Any resolution prior to the U.S. The President's visit to China this week would lift market sentiment; otherwise, the market is expected to fill the gap created on April 8, 2026.
Support is expected near 23600 – 23550 range and if this support is broken then index may tank near 23350 – 23300 range.
On the contrary, Index has resistance near 24050 – 24100 range and if index crosses and sustains above this level then may reach near 24300 – 24350 range.
Trade closed: target reached
Gap down opening with high near 23760 then further tank to low near 23350 with close near 23380.
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.