Nifty 50: Key Levels to Watch for Tomorrow’s Trading Session
Updated
Nifty 50 Index Analysis
Timeframe: 15-Minute Chart
Current Price: ₹23,990.15
Key Levels to Watch:
Resistance Zone:
Immediate resistance at ₹24,046. Targets are ₹24,148 (1st Target), ₹24,208 (2nd Target), and ₹24,309 (3rd Target).
Support Zone:
Immediate support at ₹23,927. A break below this level could lead to ₹23,788.
Bullish Scenario:
Buy above ₹24,046 with potential targets of ₹24,148, ₹24,208, and ₹24,309. The trendline and support zone near ₹23,927 provide a solid base for bullish momentum.
Bearish Scenario:
Sell below ₹23,927, targeting ₹23,788. A breakdown below the support zone and trendline could trigger bearish momentum.
Indicators:
RSI is showing weakness near 38, indicating a need for caution in the short term. MACD has a bearish crossover, signaling possible downside unless momentum strengthens.
Conclusion:
Watch for a breakout above ₹24,046 for bullish opportunities. Stay cautious below ₹23,927 as it may lead to further downside. Always plan trades with proper stop-losses to manage risk effectively.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
If you found this analysis insightful, don’t forget to hit like and follow for more such content!
For related trading ideas and educational posts, check out our profile TraderRahulPal Let’s learn and grow together!
Timeframe: 15-Minute Chart
Current Price: ₹23,990.15
Key Levels to Watch:
Resistance Zone:
Immediate resistance at ₹24,046. Targets are ₹24,148 (1st Target), ₹24,208 (2nd Target), and ₹24,309 (3rd Target).
Support Zone:
Immediate support at ₹23,927. A break below this level could lead to ₹23,788.
Bullish Scenario:
Buy above ₹24,046 with potential targets of ₹24,148, ₹24,208, and ₹24,309. The trendline and support zone near ₹23,927 provide a solid base for bullish momentum.
Bearish Scenario:
Sell below ₹23,927, targeting ₹23,788. A breakdown below the support zone and trendline could trigger bearish momentum.
Indicators:
RSI is showing weakness near 38, indicating a need for caution in the short term. MACD has a bearish crossover, signaling possible downside unless momentum strengthens.
Conclusion:
Watch for a breakout above ₹24,046 for bullish opportunities. Stay cautious below ₹23,927 as it may lead to further downside. Always plan trades with proper stop-losses to manage risk effectively.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
If you found this analysis insightful, don’t forget to hit like and follow for more such content!
For related trading ideas and educational posts, check out our profile TraderRahulPal Let’s learn and grow together!
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I Invite you Join a Dynamic Like-Minded Trading Community
and stay ahead of the crowd spf.bio/TUZZz
All My Profiles:-superprofile.bio/realbullstrading
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