NIFTY Index has resistance near 24675 – 24725 range and if index crosses and sustains above this level then may reach near 24900 – 24950 range.
Nifty has immediate support near 24350 – 24300 range and if this support is broken then index may tank near 24150 – 24100 range.
Volatility expected due to low carry forward OI in Weekly F&O Contracts with limited upside moment on weekly close.
Trade closed: target reached
Gap down opening made high near 24570 then tank to low near 24405 and closed near 24425.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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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.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
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.