NIFTY is approaching a major 50 SMA and 200 SMA Cross. Last Time it happened, there was a huge drop in the price action with almost 10% correction in the pricing. Not sure this will follow the same pattern, however, watch for planning long trades.Key areas to watch for uptrend confirmation 24800 - 25000, break and retest/hold.
Short Term key support level 24600 - 24400, break and retest.
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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.