Our Services Are

On Wednesday, NIFTY opened almost flat and thereafter, the index traded in a narrow range of 23,950–23,850 throughout the session and eventually closed above 23,900.

The index continues to trade above the 10-DEMA and 20-DEMA, which are positioned in the 23,850–23,750 range. As long as NIFTY sustains above this support zone, long positions can be maintained with a protective stop-loss below 23,750.

On the upside, NIFTY is facing immediate resistance in the 24,000–24,100 zone. However, the overall market undertone remains positive, and therefore we continue to maintain a bullish outlook with an upside target of 24,400.