santubittu

Nifty 50 Support and Resistance Levels 11 Dec 23

Long
NSE:NIFTY   Nifty 50 Index
**Support Levels:**
1. 20859
2. 20690

- **Resistance Level:**
- 21006

*Additional Note:*
- Given that the market is at an all-time high, there may not be significant resistance levels on the upper side.

**Analysis:**
- Nifty 50 is currently at an all-time high, indicating strong bullish momentum.
- The support levels at 20859 and 20690 are essential for monitoring potential downside movements.
- Given the absence of significant resistance levels on the upper side, the market may have the potential for further upward movement.

**Important Considerations:**
- Stay informed about relevant news, economic indicators, and global events that might impact the financial markets.
- It's essential to have a well-defined trading strategy and use risk management tools to mitigate potential losses.
- Regularly monitor price action and technical indicators for additional insights into market dynamics.
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.