NIFTY The proactive initiatives by the GoI and the RBI to attract FPIs have kept domestic sentiment positive. However, if the fresh escalation in the West Asia conflict persists, volatility is expected to continue, and the market will likely close in negative territory.
A downward moment may drag the Index to 22925 – 22875 support range in downward momentum and if this support is broken then index may tank near 22650 – 22600 range.
On the contrary, the upward movement may lead to 23400 – 23450 resistance range and if the index crosses and sustains above this level then may reach near 23675 – 23725 range.
Trade closed: target reached
Gap up opening with low near 23315 and made further high near 23645 with close near 23625.
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.