NIFTY Index has resistance near 25500 – 25550 range and if index crosses and sustains above this level then may reach near 25700 – 25750 range.
Nifty has immediate support near 25200 – 25150 range and if this support is broken then index may tank near 25000 – 24950 range.
The global market will react to the outcome of the US FOMC meeting scheduled tonight. Rate cut and / or positive commentary will propel the market along with the bullion market and no rate cut and / or cautious commentary will drag the market.
Trade closed: target reached
Gap up opening and made high near 25450 then tank to low near 25330 and again bounced to closed near 25425.
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.