NIFTY Index has resistance near 24600 – 24650 range and if index crosses and sustains above this level then may reach near 24800 – 24850 range.
Nifty has immediate support near 24250 – 24200 range and if this support is broken then index may tank near 24000 – 23950 range.
Gap up opening expected due to better than projected India’s GDP growth in Q1 FY 2025-26 and bilateral agreements with Japan and China. Day closing is more important than opening and Positive closing will decide trends in the upcoming short term.
Trade closed: target reached
Gap up opening with low near 24470 and made high near 24635 with close near 24625.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
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.