Market Outlook for Nifty:
Opening: Expected to open with a gap up near the 24,350 level.
Resistance Zone: Nifty will encounter a strong resistance between 24,350 and 24,400.
Potential Reversal: If a reversal occurs at this resistance zone, the downside could extend to 24,100.
Extended Downside: Further downside is possible if Nifty trades below the 24,050 level, potentially reaching 23,850.
Bullish Scenario: A strong bullish rally is only expected if Nifty sustains and trades above the 24,400 level.
Opening: Expected to open with a gap up near the 24,350 level.
Resistance Zone: Nifty will encounter a strong resistance between 24,350 and 24,400.
Potential Reversal: If a reversal occurs at this resistance zone, the downside could extend to 24,100.
Extended Downside: Further downside is possible if Nifty trades below the 24,050 level, potentially reaching 23,850.
Bullish Scenario: A strong bullish rally is only expected if Nifty sustains and trades above the 24,400 level.
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📈 Trade Smarter with TradZoo!
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📲 Android App: bit.ly/TradZooApp
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🍎 iOS App: bit.ly/TradZoo-iOS-App
🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📲 Android App: bit.ly/TradZooApp
📲 Forex App:tradzoo.com/forex/download
🍎 iOS App: bit.ly/TradZoo-iOS-App
Related publications
Disclaimer
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.