This is a major resistance and possible price reversal zone. Keeping geopolitical news in mind, Nifty is set to break this for higher targets, as marked on the chart.
On the contrary, prices returning to this range will pull back the price to 25430 as major support for bullish sentiment.
All major levels for targets on both sides are mentioned on the chart. The Price trading in the blue colored range is a no-trade zone, which means it will be range-bound until it gives a breakout on either side.
On the contrary, prices returning to this range will pull back the price to 25430 as major support for bullish sentiment.
All major levels for targets on both sides are mentioned on the chart. The Price trading in the blue colored range is a no-trade zone, which means it will be range-bound until it gives a breakout on either side.
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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.