📊 Index Update
The index traded with high volatility, closing the last session of CY24 on a flat note after oscillating in a 250-point range. A 📈 bull candle with small shadows suggests continued consolidation, supported by buying demand at 🔻 23,500-23,450.
Key Levels
• Support (S1/S2): 🔻 23,500-23,450 (200-day EMA & lower channel band).
• Resistance (R1/R2): 🔺 23,900-24,000 (stiff resistance).
📈 Outlook
• Above 24,000 ➡️ Upside to 24,250 🚀.
• Below 23,450 ➡️ Decline toward 23,260 ⚠️.
The index traded with high volatility, closing the last session of CY24 on a flat note after oscillating in a 250-point range. A 📈 bull candle with small shadows suggests continued consolidation, supported by buying demand at 🔻 23,500-23,450.
Key Levels
• Support (S1/S2): 🔻 23,500-23,450 (200-day EMA & lower channel band).
• Resistance (R1/R2): 🔺 23,900-24,000 (stiff resistance).
📈 Outlook
• Above 24,000 ➡️ Upside to 24,250 🚀.
• Below 23,450 ➡️ Decline toward 23,260 ⚠️.