Key Technical Levels for the Week Ahead:
Resistance Levels:
25,000–25,100: This zone has been identified as a significant resistance area. A breakout above 25,100 could potentially lead to a rally towards 25,400.
Support Levels:
24,400–24,500: This range is considered a key support zone. A failure to hold above this level may indicate weakness in the index.
Analysts suggest that the Nifty 50 may trade within a defined range in the near term, with resistance expected around the 24,800 mark and strong support near the 200-day exponential moving average at 24,200.
Resistance Levels:
25,000–25,100: This zone has been identified as a significant resistance area. A breakout above 25,100 could potentially lead to a rally towards 25,400.
Support Levels:
24,400–24,500: This range is considered a key support zone. A failure to hold above this level may indicate weakness in the index.
Analysts suggest that the Nifty 50 may trade within a defined range in the near term, with resistance expected around the 24,800 mark and strong support near the 200-day exponential moving average at 24,200.
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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.
Related publications
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.