NIFTY The market sentiment is positive amid easing out of west asia conflict for the time being and conducive effect of the GoI's removal of withholding and capital gains taxes for FPIs, and the RBI’s inclusion of long-dated bonds under FAR for G-Secs.
The upward movement may lead to 23475 – 23525 resistance range and if the index crosses and sustains above this level then may reach near 23750 – 23800 range.
On the contrary, a downward moment may drag the Index to 23000 – 22950 support range in downward momentum and if this support is broken then index may tank near 22725 – 22675 range.
Trade closed: target reached
Open flat and made high near 23425 then dragged to low near 23185 due to fresh escalation in west asia conflict with close near 23215..
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Request for follow on X @rkmaurya_ra
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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.