NIFTY View For 24/04/2024

Manas Jaiswal Research Analyst Image

Yesterday, the NIFTY opened on a positive note and rose above the 22,400 mark in early trading. However, it couldn't sustain these higher levels and experienced some profit booking. Ultimately, the NIFTY ended just above the 22,350 mark. It's worth noting that the NIFTY is still trading above the 20-day exponential moving average (20DEMA). On the upside, it could test 22,500, but caution is advised at higher levels. For long positions, it's recommended to keep a stop-loss below 22,200, as the range of 22,250 to 22,200 will serve as important support.

Nifty Imp Levels For 24/04/2024

Open 22447
High 22447
Low 22349
Close 22368
S 1 22329
S 2 22290
R 1 22427
R 2 22486

Actionable Ideas On Nifty for 24/04/2024

Action SL TGT
Buy above 22450 22390 22575
Sell below 22275 22331 22160
Show Timings
Manas Jaiswal Technical Research Group