Nifty 50 IndexUpdated

NIFTY 50 : TRADE CAUTIOUSLY

Post Election :

Nifty has shifted the tracjectory from 1st to 2nd channel and since no looking back.

Within a month it moved above 2nd channel trading with increasing trendline.

For every fall, top of 2nd channel acted as support..

As on date : 24500 is a strong support, breaking same market will enter 2 channel.

Trade cautiously.

Note
Nifty is back into 2 channel.

1st Resistance : 24500

1st Support - 24070
2nd Support - 23880
3rd Support - 23680

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.