Nifty may open around 24550 levels on negative bias as per SGX NIFTY. In yesterday nifty was dragged since opening levels upto afternoon but market snapped all losses and turnaround to positive and closed positively which is indicates bulls are entered into market at lower levels. The nifty managed to closed above its crucial support level i. e. 24400 levels if market closed once decisively below these levels nifty may fallen upto 23800 levels. So investors trade cautiously at support and resistance levels.
Support levels : 24540,24436
Resistance levels : 24657,24713
Stock of the day : TORNT POWER in this stock a bullish candle was formed after a bullish engulfing pattern which is indicated buying momentum in this stock so i advised to investors trade this stock with strict stop losses.
Buy price : 1340
Tgt price : 1400
Stop loss : 1310
Disclimer : I AM NOT A SEBI RESEARCH ANALYST OR FINANCIAL ADVISOR, these recommendations are only for education purpose, not for trading and investment purpose please take an advise from your financial advisor before investing on my recommendations.
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Support levels : 24540,24436
Resistance levels : 24657,24713
Stock of the day : TORNT POWER in this stock a bullish candle was formed after a bullish engulfing pattern which is indicated buying momentum in this stock so i advised to investors trade this stock with strict stop losses.
Buy price : 1340
Tgt price : 1400
Stop loss : 1310
Disclimer : I AM NOT A SEBI RESEARCH ANALYST OR FINANCIAL ADVISOR, these recommendations are only for education purpose, not for trading and investment purpose please take an advise from your financial advisor before investing on my recommendations.
🙏 : If you liked my content please suggest to your friends follow my trading channel. Your likes and comments provide boosting to me to update more financial information.
Thanking you to support me
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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.