Nifty 50 (1-hour chart)
The price is currently taking support near 25,300 and facing resistance around 25,700. The chart shows that buyers are trying to defend the lower zone, which has acted as support before.
After a small bounce, price may again retest near 25,400 before moving higher towards 25,700. This movement will form a short-term range between 25,300 and 25,700.
If price breaks above 25,700 with strong volume, the next upside move can start. But if it breaks below 25,300, more downside pressure may come.
Overall, the market is in a short-term consolidation phase where traders can watch for breakout opportunities from either side.
The price is currently taking support near 25,300 and facing resistance around 25,700. The chart shows that buyers are trying to defend the lower zone, which has acted as support before.
After a small bounce, price may again retest near 25,400 before moving higher towards 25,700. This movement will form a short-term range between 25,300 and 25,700.
If price breaks above 25,700 with strong volume, the next upside move can start. But if it breaks below 25,300, more downside pressure may come.
Overall, the market is in a short-term consolidation phase where traders can watch for breakout opportunities from either side.
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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.
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.