Nifty for muhurat Trading 01.11.2024
Nifty 50 Analysis: Buy Above 24,360 / Sell Below 24,150
Current Price: 24,206.00
Support Levels: 24,100, 24,000
Resistance Levels: 24,500, 24,600
Key Points:
The Nifty 50 index is currently consolidating within a range of 24,100 to 24,500.
A decisive breakout above 24,500 could signal further bullish momentum, potentially driving the index towards 24,600 and beyond.
Conversely, if the index falls below 24,150, it may indicate a bearish trend, with potential targets at 24,000 and lower.
Recommendations:
Buy: If the Nifty 50 index sustains above 24,360, consider entering long positions with targets at 24,440, 24,600 and 24,740.
Sell: If the index breaks below 24,150, consider short positions with targets at 24,000 and 23,900.
Current Price: 24,206.00
Support Levels: 24,100, 24,000
Resistance Levels: 24,500, 24,600
Key Points:
The Nifty 50 index is currently consolidating within a range of 24,100 to 24,500.
A decisive breakout above 24,500 could signal further bullish momentum, potentially driving the index towards 24,600 and beyond.
Conversely, if the index falls below 24,150, it may indicate a bearish trend, with potential targets at 24,000 and lower.
Recommendations:
Buy: If the Nifty 50 index sustains above 24,360, consider entering long positions with targets at 24,440, 24,600 and 24,740.
Sell: If the index breaks below 24,150, consider short positions with targets at 24,000 and 23,900.
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.