Nifty 50: Key Levels to Watch for Breakout or BreakdownHey Traders,
Let’s talk about Nifty 50—it’s shaping up to be an interesting day on the charts. The index is moving in a tight range, and the key levels are now crystal clear. Whether you're a buyer or a seller, the next move could be the game-changer. Here’s what I see:
For Buyers:
Entry Point: Above 23,776
Stop Loss: 23,706
1st Target: 23,898
2nd Target: 24,014
For Sellers:
Entry Point: Below 23,653
Stop Loss: 23,706
1st Target: 23,571
2nd Target: 23,460
Key Observations:
The zone between 23,706 and 23,776 is critical, acting as a battleground between bulls and bears.
Watch for volume spikes at breakout or breakdown levels to confirm the move's strength.
Avoid premature entries and let the market show its hand before acting.
Final Thoughts:
These levels are based on technical analysis, but the market can be unpredictable. Stick to your plan, manage your risks, and remember: your capital is your top priority.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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