If Nifty closes below 24,700 based on today's closing, it will confirm a breakdown of the rising channel. The minor support zone is around 23,910, and the next major support zone is near 22,930. With the breakdown of the rising channel, the short-term chart structure of Nifty will become quite weak.
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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.