NIFTY Overall momentum is positive, however, profit booking from top is expected.
The upward movement may lead to 24400 – 24450 resistance range and if the index crosses and sustains above this level then may reach near 24650 – 24700 range.
On the contrary, a downward moment may drag the Index to 23950 – 23900 support range in downward momentum and if this support is broken then index may tank near 23700 – 23650 range.
Trade closed: target reached
Gap down opening and further tank to low near 23900 then recovered to high near 24045 with close near 24015.
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.