Nifty 50 IndexShort
The Nifty spot intraday forecast for December 02, 2024
Market Outlook for Nifty Spot on December 02, 2024
Morning Movement:
Likely to see an upward move in the morning hours.
A potential drop of around 300 points is anticipated later.
Key Levels to Watch:
Resistance:
Strong resistance at 24,330.
If this level is broken, Nifty spot could rise to 24,385, provided there is no gap opening on either side.
Support:
On the downside, support levels are at 23,947 and 23,831.
Overall Sentiment:
The Nifty is expected to close on a bearish note.
Disclaimer:
These views are for educational purposes only.
Please use your own technical analysis for entry and exit decisions.
Always trade with a stop-loss to manage risks effectively.
Morning Movement:
Likely to see an upward move in the morning hours.
A potential drop of around 300 points is anticipated later.
Key Levels to Watch:
Resistance:
Strong resistance at 24,330.
If this level is broken, Nifty spot could rise to 24,385, provided there is no gap opening on either side.
Support:
On the downside, support levels are at 23,947 and 23,831.
Overall Sentiment:
The Nifty is expected to close on a bearish note.
Disclaimer:
These views are for educational purposes only.
Please use your own technical analysis for entry and exit decisions.
Always trade with a stop-loss to manage risks effectively.
Disclaimer
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