Nifty 50 Index

Nifty - Monthly Expiry Day Analysis Sep 30

743
The price was holding the support at the 24600 zone and moved within the range of 24600 to 24800 today, forming a descending triangle in the process. 24600 is the trend direction deciding zone now.
Buy above 24660 with the stop loss of 24610 for the targets 24700, 24740, 24800, 24840, and 24880.
Sell below 24580 with the stop loss of 24620 for the targets 24540, 24500, 24460, 24420, and 24380.
Nearby support is at 24500, and resistance is at 24800. If the price does not gain strength, it will remain within this range of 24500 to 24800.
Expected expiry day range is 24400 to 24900.
Note
Facing descending triangle trend line resistance. snapshot
Note
Triangle move. snapshot
Note
Whole day price moved within the triangle. snapshot

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