📉 Market Update: NIFTY Analysis (July 21, 2024) 📈 Today’s NIFTY chart shows some interesting movements. The market opened at 24,531.85 and fluctuated throughout the day, currently sitting at 24,525.85 (down 0.02%). 🔴 Key Levels: Resistance Zones: Highlighted in red, indicating areas where selling pressure may increase. Support Zones: Highlighted in green,...
Analysis: 1. Trend: The stock is currently in a downward channel as indicated by the parallel lines. This suggests a bearish trend in the short term. 2. Support Levels: - Strong support is present around the 600 mark, which coincides with the current price level. - Another key support level is at 575. 3. Resistance Levels: - Immediate resistance is...