As we can see NIFTY has taken support around 23500 levels after getting rejected at the trendline and based on the election results, we can expect NIFTY to open very strong and hence will open above the trendline which will also break the structure hence if it sustains and doesn’t closed below the trendline then we may see quick 24000 in NIFTY else NIFTY will get in very serious zone so plan your trades accordingly and keep watching.
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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.