NIFTY View For 14/01/2025

Manas Jaiswal Research Analyst Image

Yesterday, NIFTY opened on a negative note, slipping below the 23,300 level in early trade. It exhibited a pattern of lower tops and lower bottoms throughout the session, ultimately closing below the 23,100 mark.

NIFTY continues to form lower tops and lower bottoms and has breached the November low of 23,263. This breakdown suggests caution, as further weakness could push NIFTY toward the 22,650 level.

On the upside, the 23,400 - 23,500 range will act as a critical resistance zone. Fresh long positions should only be considered if NIFTY sustains above this range.

Nifty Imp Levels For 14/01/2025

Open 23195
High 23340
Low 23047
Close 23085
S 1 22975
S 2 22864
R 1 23268
R 2 23451

Actionable Ideas On Nifty for 14/01/2025

Action SL TGT
Buy above 23350 23250 23550
Sell below 23040 23126 22875
Show Timings
Manas Jaiswal Technical Research Group