Make or Break at 23800.

Nov 28, 2024

Over the past four days, the Nifty 50 index experienced mixed movements, closing at 23,914.15 on November 28, 2024, after a 1.31% decline. It had risen 0.33% on November 27 but saw marginal losses on the previous two days, indicating caution. But I strongly feel that this is just a pull back and 23800 will act as a strong support even eventhough its direction will likely depend on upcoming macroeconomic data and geopolitical developments.

Looking ahead, A sustained breach above 24,500 could signal bullish momentum, while a drop below 23,800 might lead to further corrections