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Mean-revision

Nifty - moderation of +ve momentum seen on short period charts.Nifty closed with over 1% 21 VWMA was rising, Nifty respected SD+2 resistance today. 23298, 23395 resistance levels for tomorrow. SD+1 or 23057 acted as major support today, any breach below this and sustaining lower will signal some weakness. 23730 major pivot, as long as this is help, uptrend is intact, and Nifty is in buy on dips. 24060, 23930, 23875, 23790, 23760 major support levels.
NSE:NIFTY
by ipuneet

Select market data provided by ICE Data Services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc.

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