The recent market activity suggests caution for Nifty as a potential bearish flag pattern might be forming. We've observed a "sell on rise" behavior over the past 3-4 sessions, indicating bearish sentiment. For Nifty to break free from this bearish spell, it needs to sustain above the 24,640 mark.
Key Levels to Watch:
Immediate Support: 23,940
Immediate Resistance: 24,390 and 24,490
Traders should keep an eye on these levels for any breakouts or breakdowns, as they will be crucial in determining the market's next direction. A decisive move above 24,640 could signal a shift in momentum, while failure to hold above this level may reinforce the bearish outlook.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions. Trading in financial markets involves risk, and past performance is not indicative of future results.
Key Levels to Watch:
Immediate Support: 23,940
Immediate Resistance: 24,390 and 24,490
Traders should keep an eye on these levels for any breakouts or breakdowns, as they will be crucial in determining the market's next direction. A decisive move above 24,640 could signal a shift in momentum, while failure to hold above this level may reinforce the bearish outlook.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions. Trading in financial markets involves risk, and past performance is not indicative of future results.
Want to learn the real, bank-level trading methods based on logic, not lore. I'll teach you mathematical and 100% mechanical strategies that lets you trade like the pros. DM me here or on Telegram: @StableLogic
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Want to learn the real, bank-level trading methods based on logic, not lore. I'll teach you mathematical and 100% mechanical strategies that lets you trade like the pros. DM me here or on Telegram: @StableLogic
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。