Nifty 50 is showing signs of slowing down after a strong up move. Price is now struggling near the 24,200 – 24,300 resistance zone, which suggests buyers are losing strength. The recent movement looks sideways with slight weakness, so the market may not continue upward immediately.
If price fails to break this resistance, it can move down toward 23,800 support, and possibly even the unfilled gap near 23,500 – 23,600. However, if it breaks above 24,300 with strength, then the downside view becomes less likely.
We will update further information soon.
If price fails to break this resistance, it can move down toward 23,800 support, and possibly even the unfilled gap near 23,500 – 23,600. However, if it breaks above 24,300 with strength, then the downside view becomes less likely.
We will update further information soon.
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Related publications
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.