The Nifty 50 formed a bullish candlestick pattern with a minor upper shadow on the daily charts, as the closing was higher than the opening levels. It is trading near the lower end of the Bollinger Bands. The index is now below all key moving averages (except the 200-day EMA), while the momentum indicators RSI (Relative Strength Index at 40) and MACD (Moving Average Convergence Divergence) showed a negative crossover, indicating weakness.
Key Levels for the NIFTY :-
Resistance based on pivot points: 23,994, 24,025, and 24,077
Support based on pivot points: 23,891, 23,859, and 23,808
Key Levels for the NIFTY :-
Resistance based on pivot points: 23,994, 24,025, and 24,077
Support based on pivot points: 23,891, 23,859, and 23,808