The Nifty index is showing a sideways trend this Monday, oscillating between 24150 and 24500. Key support is observed in the 24200 and 24150 range, while resistance lies between 24450 - 24500. A breakout above this resistance zone could pave the way for further upward movement. Traders are advised to keep a close eye on these critical levels for potential changes in market dynamics.
Nifty View | Levels |
---|---|
Nifty Support | 24200-24150 |
Nifty Resistance | 24450-24500 |
Nifty Range | 24150-24500 |
BIAS | Sideways |
The Bank Nifty index is exhibiting a sideways trend, fluctuating from 54800 and 55450. A solid support zone is established between 54850 and 54800, while resistance is positioned between 55400 and 55450. A breakout above the resistance level may initiate further upward movement. Traders should carefully observe these key levels for potential shifts in market direction.
Bank Nifty View | Levels |
---|---|
Nifty Support | 54850-54800 |
Nifty Resistance | 55400-55450 |
Nifty Range | 54800-55450 | BIAS | Sideways |
Prediction is given by Technical Research Team - Choice
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