Nifty Prediction for 27th November
The Nifty 50 experienced range-bound momentum after a positive opening in Tuesday's session. Initially, it surged to a high of around 22,350 in the opening session but later traded within a narrow range and ended below the previous close of 24,221.90. Despite the narrow momentum, the Nifty IT sector showed strong gains, reaching a fresh record high, driven by robust performances from major players like TCS, Infosys, and Tech Mahindra.
Technically, the Nifty faced resistance around the 50-day Exponential Moving Average at 24,350 and subsequently turned lower. However, the RSI and MACD are witnessing positive crossovers on the daily chart. Overall, market breadth is positive, indicating a favorable environment for investors.
The Nifty 50 experienced range-bound momentum after a positive opening in Tuesday's session. Initially, it surged to a high of around 22,350 in the opening session but later traded within a narrow range and ended below the previous close of 24,221.90. Despite the narrow momentum, the Nifty IT sector showed strong gains, reaching a fresh record high, driven by robust performances from major players like TCS, Infosys, and Tech Mahindra.
Technically, the Nifty faced resistance around the 50-day Exponential Moving Average at 24,350 and subsequently turned lower. However, the RSI and MACD are witnessing positive crossovers on the daily chart. Overall, market breadth is positive, indicating a favorable environment for investors.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.