#NiftyView:
CMP: 24,847
Key Support Zones:
🔻 24,745 – 24,733
🔻 24,541 – 24,460
Resistance Zones:
🔺 24,941 – 24,950
🔺 25,222
Technical View (for educational purposes only):
If the index manages to hold above the immediate support zone of 24,745 – 24,733, it may attempt a move towards the 24,941 – 24,950 resistance zone.
From this level, there are two possible scenarios:
Sustained move above 24,950 could lead to further upside towards 25,222.
Failure to sustain above 24,950 may trigger a downside move back towards the strong support zone of 24,541 – 24,460.
📍 Watch the support zones closely—they could act as potential reversal areas.
📌 Note: This is a technical analysis-based view shared for educational purposes only. This is not a trading advice. Please do your due diligence.
#TechnicalAnalysis | #Nifty | #Nifty50 |#IndexView
CMP: 24,847
Key Support Zones:
🔻 24,745 – 24,733
🔻 24,541 – 24,460
Resistance Zones:
🔺 24,941 – 24,950
🔺 25,222
Technical View (for educational purposes only):
If the index manages to hold above the immediate support zone of 24,745 – 24,733, it may attempt a move towards the 24,941 – 24,950 resistance zone.
From this level, there are two possible scenarios:
Sustained move above 24,950 could lead to further upside towards 25,222.
Failure to sustain above 24,950 may trigger a downside move back towards the strong support zone of 24,541 – 24,460.
📍 Watch the support zones closely—they could act as potential reversal areas.
📌 Note: This is a technical analysis-based view shared for educational purposes only. This is not a trading advice. Please do your due diligence.
#TechnicalAnalysis | #Nifty | #Nifty50 |#IndexView
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.
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.