Nifty for muhurat Trading 01.11.2024Nifty 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.
