Nifty 50 IndexLong
Nifty Weekly Analysis For 01-01-24 to 05-01-24
Updated
Nifty Weekly Analysis For 01-01-24 to 05-01-24
21480-21550 is the major Support Zone for Nifty50.
21820 will act as Resistance for Nifty50 coming Week.
If Nifty Sustains tests support near 21500 & bounces back, Upside targets are 21680/21800.
If Nifty Sustains Above 21820, more Upside Possible and Targets are 21960/22214.
Short only below 21480 for the Targets of 21390/21290.
Verdict: Sideways to Upside Market.
21480-21550 is the major Support Zone for Nifty50.
21820 will act as Resistance for Nifty50 coming Week.
If Nifty Sustains tests support near 21500 & bounces back, Upside targets are 21680/21800.
If Nifty Sustains Above 21820, more Upside Possible and Targets are 21960/22214.
Short only below 21480 for the Targets of 21390/21290.
Verdict: Sideways to Upside Market.
Note
Nifty tested 21500 & upside 1st target 21680 hitTrade closed: target reached
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.