NIfty50
NIfty50 - Technical Key Levels
The chart represents the monthly performance of the Nifty 50 Index, highlighting key price levels and trends.
Key Levels:
Current Price: The Nifty Index is around ₹22,900, down 3% recently.
Resistance and Support Levels:
Upper resistance is indicated around R1 - 23,500 , R2 - 24,000 and R3 - 25,800.
Key support levels are set at S1 - 22,800, S2 - 21,800 and S3 - 20,200.
Trend Line: An upward trend line in orange suggests a strong long-term bullish trend over the more extended period and it also act as major support levels.
Conclusion:
The chart illustrates significant volatility in the Nifty 50 Index, with a recent downturn amidst overall longer-term bullish momentum. Investors should observe support and resistance levels to inform potential trading strategies.
The chart represents the monthly performance of the Nifty 50 Index, highlighting key price levels and trends.
Key Levels:
Current Price: The Nifty Index is around ₹22,900, down 3% recently.
Resistance and Support Levels:
Upper resistance is indicated around R1 - 23,500 , R2 - 24,000 and R3 - 25,800.
Key support levels are set at S1 - 22,800, S2 - 21,800 and S3 - 20,200.
Trend Line: An upward trend line in orange suggests a strong long-term bullish trend over the more extended period and it also act as major support levels.
Conclusion:
The chart illustrates significant volatility in the Nifty 50 Index, with a recent downturn amidst overall longer-term bullish momentum. Investors should observe support and resistance levels to inform potential trading strategies.
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.
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.