NIFTY Index has resistance near 25475 – 25525 range and if index crosses and sustains above this level then may reach near 25700 – 25750 range.
Nifty has immediate support near 25200 – 25150 range and if this support is broken then index may tank near 25000 – 24950 range.
Market specially IT stocks will react to imposition of exorbitant H-1B Visa fee by US and expected to open down.
Trade closed: target reached
Gap down opening with high near 25335 then further tank to low near 25150 and closed near 25200.
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.