NIFTY Index is near support and if it is broken then the moment in the 23500 - 23400 range is expected. The upside index has strong resistance at the 240000 level and as long as the index is below this level downside risk persists.
The upward movement may lead to 23850 – 23900 resistance range and if the index crosses and sustains above this level then may reach near 24100 – 24150 range.
On the contrary, The downward moment may drag the Index to 23425 – 23375 support range in downward momentum and if this support is broken then index may tank near 23150 – 23100 range.
Trade closed: target reached
Gap down opening and recovered to high near 23570 than tank again to close near low 23530.
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
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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.