Yesterday, NIFTY opened on a positive note, surging past the 23,000 mark in early trade. It maintained an upward trajectory, forming higher tops and higher bottoms on the intraday charts, testing 23,200, and closing just below this level.
The index continues to exhibit a strong bullish structure, reinforcing our positive outlook. We maintain our next target at 23,390, aligned with the 100DEMA.
On the downside, support has moved higher to the 23,000–22,900 range. Long positions can be held with a stop-loss below 22,900.
Open | 23036 |
High | 23216 |
Low | 22973 |
Close | 23190 |
S 1 | 23037 |
S 2 | 22884 |
R 1 | 23280 |
R 2 | 23369 |
Action | SL | TGT |
---|---|---|
Buy above 23225 | 23149 | 23375 |
Sell below 22875 | 22951 | 22725 |