Daily Nifty50 Analysis

NIFTY
1/4/2024
Overview- GST revenue jumps 11.5 pc in March to Rs 1.78 lakh crore, yearly collection crosses Rs 20 lakh crore. Bitcoin rallies after halving news which will impact the bitcoin miners, the event is said take place on 16/4/2024.

Outlook for 2/4/2024- Nifty50 remained absolutely sideways after a gap-up opening sue to US Inflation data. Although we are close to the all time high, the market is still not showing signs of greed. Resistance remains at 22530 which is ath. support levels are at 22400, 22343 and 22263. Tomorrow's direction is unclear.

Note- This is purely educational and not an investment advice.