Nifty 50 IndexShort
Nifty Weekly Analysis For 26-12-23 to 29-12-23
Updated
Nifty Weekly Analysis For 26-12-23 to 29-12-23
21600 will act as major Resistance for Nifty50 coming Week.
20800-20850 is the major Support for Nifty50.
If Nifty breaks Support & trades Below 20850, more Downside possible and Targets are 20700/20500/20300.
Long only above 21600 for new ATH.
Note: Daily Trend is Bullish, now we may see some profit booking. so expecting a volatile market. Reversals & Conservative approach are Ideal in this type of market.
Verdict: Profit Booking or Sideways Market.
21600 will act as major Resistance for Nifty50 coming Week.
20800-20850 is the major Support for Nifty50.
If Nifty breaks Support & trades Below 20850, more Downside possible and Targets are 20700/20500/20300.
Long only above 21600 for new ATH.
Note: Daily Trend is Bullish, now we may see some profit booking. so expecting a volatile market. Reversals & Conservative approach are Ideal in this type of market.
Verdict: Profit Booking or Sideways Market.
Trade closed: target reached
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