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Nifty 50 Index

Nifty 50 View update 08-May-2024

By shyamnarayan
Updated
Updated trend analysis. Based on the huge selloff on 7th May 2024, the trend analysis of Nifty 50 has been updated with new continuations and reversals support and resistance areas.
- An old gap below 22200 might get filled
- Expected bearish continuation
- Expected bullish reversal
Note
Gap filled
Note
Nifty broke down and retested the gap, continuing its bearish trend futher lower below the 21989 support line.
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shyamnarayan
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