NIFTY 50

1. Ascending Channel:

Nifty is trending within a clear upward (ascending) channel, indicating a bullish trend as long as the price stays within this channel.

2. Support & Resistance:

There is a strong support zone in the range of 24,000–24,200, highlighted by a red-shaded area on the chart.
The current level (24,752.45) is near the middle of the channel and showing signs of minor correction.

3. Two Possible Scenarios (Arrows):

Scenario 1: From the current level, the market could move towards the upper boundary of the channel (around 25,500–26,000).

Scenario 2: There could be a short-term correction (downward movement) first, followed by a bounce from the support zone and then an upward move.

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DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only