Nifty - Pre Exit Poll Outlook: Bulls Above 22,400

NSE:NIFTY   Nifty 50 Index
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WaveTalks - Market Whispers: Can you hear them?


Key Levels to Watch:

- Immediate Resistance: 23,000

What Unfolded Last Week:

The index retraced 600 points, making a low of 22,417 as expected pause below 23000 in the last idea.

Last Idea - Nifty Explosive (Part 3): From 22,000 to 23,000 in Record Time!

Future Expectations:

If Nifty surpasses the 23,000 mark, it will confirm that the bulls are in charge, reflecting the market optimism seen since early 2014.

Nifty has strong support in the 22,400-22,500 zone. Holding above this zone, we expect an upward move towards the 22,775-22,825 target zone. If it holds above 22,825, it can target 23,000. Beyond 23,000, bulls will take charge, potentially driving the index to 23,500 and later 24,500.

Strictly no trades below 22,400.

From WaveTalks

Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

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