NIFTY Index has resistance near 24950 – 25000 range and if index crosses and sustains above this level then may reach near 25200 – 25250 range.
Nifty has immediate support near 24550 – 24500 range and if this support is broken then index may tank near 24350 – 24300 range.
Volatility may increase with downside risk if any fresh news emerges on tariff war.
Trade closed: target reached
Gap up opening with high near 24970 due to announcement of GST reduction of consumption commodities but could not sustain and tank to low near 24710 with close near 24735.
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.