NIFTY MAJOR SUPPORT ZONES SHOWN IN CHART
As shown in the chart 24450-24500 is a major support zone for Nifty, if this support broken then we can see 23800-24000 levels on the lower side.
On higher side the Nifty index will face two major resistances i.e. 24880 and 25250, these two levels are important for starting fresh uptrend.
No doubt our Stock Market is under pressure but Till today’s closing this level has been saved amid all the Tariff tantrum by USA and Global uncertainties, it means our indices did not react much negetively.
If we look at technical indicators at Nifty Chart , the index is already in oversold zone , so a bounce can develop from these support zones.
nice analysis sir, thank u
Thanku sir