santubittu

Nifty 50 Support and Resistance Levels 13 Dec 23

Long
NSE:NIFTY   Nifty 50 Index
**Support Levels:**
1. 20859
2. 20793
3. 20690

**Resistance Levels:**
1. 20900
2. 20960
3. 21000

**Analysis:**
- Nifty 50 has shown adherence to the provided support levels, confirming the relevance of these levels in recent market movements.
- The support levels at 20859, 20793, and 20690 are crucial for monitoring potential downside movements.
- The resistance levels at 20900, 20960, and 21000 are significant, and a sustained move above these levels may indicate further upside potential for Nifty 50.

**Important Considerations:**
- Stay informed about relevant news, economic indicators, and global events that might impact the financial markets.
- Having a well-defined trading strategy and using risk management tools is essential.
- Regularly monitor price action and technical indicators for insights into market dynamics.
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