New Technical Outlook for Tomorrow (April 1)
The market is likely to remain volatile on the first day of the financial year. Following the heavy sell-off on Monday, the key levels are as follows:
Nifty 50
New Resistance: 22,500 – 22,550 (A bearish sentiment will persist unless a closing above this level is achieved).
New Support: 22,250, followed by 22,150 (This is a crucial level situated near the 52-week low).
Trend: Remains 'Sell on Rise,' as the RSI is currently below 40.
The market is likely to remain volatile on the first day of the financial year. Following the heavy sell-off on Monday, the key levels are as follows:
Nifty 50
New Resistance: 22,500 – 22,550 (A bearish sentiment will persist unless a closing above this level is achieved).
New Support: 22,250, followed by 22,150 (This is a crucial level situated near the 52-week low).
Trend: Remains 'Sell on Rise,' as the RSI is currently below 40.