NIFTY @ 24950 LEVELS UPDATE
So finally we are seeing some stability near our crucial support level of 24750 spot levels. And since last couple of hours nifty is giving positive close on 1hr candles so will have to assume that ongoing selling is stopped right now and we may see some upside bounce.
Now on the ways down 24750 remains important intraday support to watch as long as nifty stays above this support zone will get upside move towards 25050—25160 which is possible intraday also. And once it moves above 25160 on closing basis can do 25485—25500 and here we can review the next direction of the market.
So keep eye on 24750 support now for both intraday and closing basis and act accordingly.
So finally we are seeing some stability near our crucial support level of 24750 spot levels. And since last couple of hours nifty is giving positive close on 1hr candles so will have to assume that ongoing selling is stopped right now and we may see some upside bounce.
Now on the ways down 24750 remains important intraday support to watch as long as nifty stays above this support zone will get upside move towards 25050—25160 which is possible intraday also. And once it moves above 25160 on closing basis can do 25485—25500 and here we can review the next direction of the market.
So keep eye on 24750 support now for both intraday and closing basis and act accordingly.
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