Our Services Are

Yesterday, NIFTY opened on a negative note but found support near the 23,200 mark and spent most of the first half trading in a narrow range of 23,250–23,350. In the afternoon session, buying interest emerged, leading to a breakout above 23,350. The recovery gained momentum as NIFTY regained the 23,500 level and eventually closed just below it.

NIFTY continues to face strong resistance in the 23,650–23,750 zone, where the 10-DEMA and 20-DEMA are positioned. Therefore, fresh long positions should be considered only on a decisive breakout above 23,750.

On the downside, the 23,250–23,150 range will act as an important support zone. Long positions should be protected with a strict stop-loss below 23,150.