Nifty 50 Market Analysis and Key Levels for 14 Jan 2025

7 days ago

• Yesterday, the market tried to break the key level of 350 and sustain above 250. However, it failed to hold these levels.
  
  
• The trade began at 600, aiming for a target of 23017.
  
  
• If the market breaks and holds the level of 23017, levels highlighted in the chart can be expected.
  
  
• downside levels to watch is 23940-920.
  
  
• If a bullish candlestick pattern forms at 23017 on the 15-minute chart, the market may attempt a move upward.
  
  
• Resistance levels for the potential upward move are marked in the chart for reference.
  
  
• According to the option data, the levels to watch are 23000 and 23250.
  
  
• Observe candlestick patterns at this level to know the market direction.
  
  
• Sellers stop losses are placed at 23360.
  
  

Disclaimer:
This is for informational purposes only and not financial advice. Trading involves risk. Consult a financial advisor before making decisions.