NIFTY Index will be range bound as long as it is in the 24250 - 24500 range and trend will emerge on either side when index will break the range.
The upward movement may lead to 24500 – 24550 resistance range and if the index crosses and sustains above this level then may reach near 24750 – 24800 range.
On the contrary, The downward moment may drag the Index to 24075 – 24025 support range in downward momentum and if this support is broken then index may tank near 23800 – 23750 range.
Trade closed: target reached
Gap down opening with high near 24270 and further dragged and close near low of 24155.
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.