NIFTY50 traded in the tight range of 24,000-24,500 (EMA confluence levels) during the last week, before closing ~130 points higher compared to its previous week.
The FII selling has resumed in the markets, after a pause before week, amid the reignition of geopolitical tensions. Further, the raising oil prices and higher than expected CPI numbers gave no respite to the markets.
For the current week, I expect market to trade in the range of 24,000-24,400. On the upside, 25,100 will act as the first resistance level. On the downside, 23,800 can act as first support level and the previous swing low of 23,000 further.
The FII selling has resumed in the markets, after a pause before week, amid the reignition of geopolitical tensions. Further, the raising oil prices and higher than expected CPI numbers gave no respite to the markets.
For the current week, I expect market to trade in the range of 24,000-24,400. On the upside, 25,100 will act as the first resistance level. On the downside, 23,800 can act as first support level and the previous swing low of 23,000 further.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.