Nifty 50 spot 24894.25 by Daily Chart view - Weekly update
- Support Zone 24325 to 24500 for Nifty Index remains active
- Rising Support Channel playing hide and seek for continued supportive role
- Strong rejection observed at 25430 to 25670 Resistance Zone for Nifty Index
- Current Resistance Zone 24875 to 25135 of Nifty Index remains an active hurdle
- Falling Resistance Trendline and Resistance Channel are still playing out pretty strongly
- Bearish Rounding Top scenario effect seems been negated by upswing over the past 2 days
- Support Zone 24325 to 24500 for Nifty Index remains active
- Rising Support Channel playing hide and seek for continued supportive role
- Strong rejection observed at 25430 to 25670 Resistance Zone for Nifty Index
- Current Resistance Zone 24875 to 25135 of Nifty Index remains an active hurdle
- Falling Resistance Trendline and Resistance Channel are still playing out pretty strongly
- Bearish Rounding Top scenario effect seems been negated by upswing over the past 2 days
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