santubittu

Nifty 50 Support and Resistance Levels 14dec23

Long
NSE:NIFTY   Nifty 50 Index
**Support Levels:**
1. 20902
2. 20859
3. 20793

- **Resistance Levels:**
1. 20950
2. 21006

**Analysis:**
- The market has maintained adherence to the support and resistance levels from the previous day, highlighting their ongoing relevance in guiding market movements.
- The support levels at 20902, 20859, and 20793 are crucial for monitoring potential downside movements in Nifty 50.
- The resistance levels at 20950 and 21006 remain significant, and a sustained move above these levels may indicate further upside potential.

**Important Considerations:**
- Stay informed about relevant news, economic indicators, and global events that might impact the financial markets.
- Ensure a well-defined trading strategy and use risk management tools to manage potential losses.
- Regularly monitor price action and technical indicators for insights into market dynamics.
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.