NIFTY Index has resistance near 24775 – 24825 range and if index crosses and sustains above this level then may reach near 24975 – 25025 range.
Nifty has immediate support near 24475 – 24425 range and if this support is broken then index may tank near 24275 – 24225 range.
Market will react to the RBI MPC outcome, specially on FY 2025-26 economic outlook, inflation etc data.
Trade closed: target reached
Open flat with made low near 24650 then made high near 24870 and closed near 24835 on RBI MPC outcome news.
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
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
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.