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Nifty 50 Index

NIFTY Support/Resistance

By JohnSikes73
Updated
The index has a mild support at 23350, below which the next support is around 22700. Given we are already in a correction territory, we won't see a recovery unless FII start buying or improved quarterly results in January. I feel this is a very similar to Oct 2021-Jan 2022 period.
Trade active
23800-24000 is a strong resistance for now. One can sell call option at this range for Nov expiry.
Chart PatternsSupply and DemandSupport and Resistance
JohnSikes73

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