Nifty 50 Index spot 24750.70 by Daily Chart view - Weekly UpdateNifty 50 Index spot 24750.70 by Daily Chart view - Weekly Update
- Resistance Zone 25200 to 25450 of Nifty Index
- Support Zone 24675 to 24780 sustained by Nifty Index
- Nifty seems stuck within Descending Triangle pattern above Support Zone, needs to breakout from it for fresh upside
- Gap Up Opening of 256 points created on 12-May-2025 will act as void blank area until it is closed sooner or anytime later
- Gap Down Openings made after the ATH 26277.35 on 27-Sept-2024 will need to be closed sooner or later to create New ATH
Nifty50priceactionanalysis
Nifty 50 Index spot 24039.35 by Daily Chart view - Weekly UpdateNifty 50 Index spot 24039.35 by the Daily Chart view - Weekly Update
- Resistance Zone 24675 to 24780 Nifty 50 Index Band
- Volumes are in good sync with the average traded quantity
- Both the Falling Resistance Trendlines have been decently maintained todate
- Earlier Resistance Zone now a Support Zone at 23875 to 23975 Nifty 50 Index Band
- Bullish Double Bottom formed at the Support Zone neckline has yet sustained by Nifty Index