NIFTY // 4hour Support and Resistance Index Name: NIFTY 50
Exchange: NSE | Benchmark index of the Indian equity market
Constituents: 50 large-cap companies across 13 sectors
🧾 Overview:
The NIFTY 50 represents India’s top-performing blue-chip companies and acts as a barometer of the overall market health. It covers sectors like financials, IT, FMCG, energy, and auto.
💼 Key Sector Weights:
Financial Services – ~35%
IT – ~13%
Oil & Gas – ~12%
Consumer Goods – ~9%
Auto – ~6%
📊 Current Trend Insight (as of 4H chart):
Index near resistance at 22,620
Holding support at 22,350 indicates buying strength
Sustained breakout above 22,620 could lead to a move toward 22,800+
NIFTY 50 Index – 4-Hour Chart Support & Resistance
Support and Resistance Levels (4H Timeframe):
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Trend Insight:
NIFTY is forming higher lows, indicating bullish strength. Consolidation above 22,350 strengthens the case for a breakout. Watch 22,620 for momentum entry confirmation.
