Nifty 50 Support and Resistance Levels 21Dec23
*Nifty 50 Support and Resistance Levels:**
**Support Levels:**
1. 21075
2. 21000
3. 20900
4. 20850
- **Resistance Levels:**
1. 21150
2. 21300
3. 21400
**Analysis:**
- The support levels at 21075, 21000, 20900, and 20850 are crucial for monitoring potential downside movements in Nifty 50.
- Resistance levels are identified at 21150, 21300, and 21400, indicating potential hurdles for an upside move.
- The market is currently bearish, emphasizing the importance of these support and resistance levels in navigating potential price movements.
**Important Considerations:**
- Stay informed about relevant news, economic indicators, and global events that might impact the financial markets.
- Ensure a well-defined trading strategy and use risk management tools to manage potential losses.
- Regularly monitor price action and technical indicators for insights into market dynamics.
**Support Levels:**
1. 21075
2. 21000
3. 20900
4. 20850
- **Resistance Levels:**
1. 21150
2. 21300
3. 21400
**Analysis:**
- The support levels at 21075, 21000, 20900, and 20850 are crucial for monitoring potential downside movements in Nifty 50.
- Resistance levels are identified at 21150, 21300, and 21400, indicating potential hurdles for an upside move.
- The market is currently bearish, emphasizing the importance of these support and resistance levels in navigating potential price movements.
**Important Considerations:**
- Stay informed about relevant news, economic indicators, and global events that might impact the financial markets.
- Ensure a well-defined trading strategy and use risk management tools to manage potential losses.
- Regularly monitor price action and technical indicators for insights into market dynamics.
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