Negative momentum continued, Nifty opened with a gap down and continued within the range of first 54 min candle. Closing was some 100 points higher than the day's low.
23947 is a major support now, and as Nifty looks a bit oversold, this may act as a medium term support.
24120, 24165, 24240, 24360, 24410, 24460 immediate resistance levels.
23950, 23900, 23860 remain immediate support levels.
Once it exceeds 24240 and sustains, stability or up-move can be seen.
Refer to the charts text for detailed reading of Indicators.
23947 is a major support now, and as Nifty looks a bit oversold, this may act as a medium term support.
24120, 24165, 24240, 24360, 24410, 24460 immediate resistance levels.
23950, 23900, 23860 remain immediate support levels.
Once it exceeds 24240 and sustains, stability or up-move can be seen.
Refer to the charts text for detailed reading of Indicators.
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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.