nifty
nifty
Support Zone 23320_23206
Resistance Zone 23593_23690
A long build-up was seen in 47 stocks, indicated by an increase in open interest (OI) and price.
The tone of benchmark indices remained subdued throughout last week, resulting in modest gains for both Nifty and Sensex. Broader indices however outperformed significantly, with gains ranging from 3.82 to 4.81 percent, surprising participants. According to experts, this week, the initial hurdle for the Nifty will be seen around 23,500, which has acted as a barrier in the past. Once this level is surpassed, Nifty could rally towards 23,900-24,000, which represents the retracement zone of recent correction. On the lower side, the supports are at 23,300, followed by the 23,000-23,900 zone. Any dips towards the support levels should be viewed as buying opportunities.
Support Zone 23320_23206
Resistance Zone 23593_23690
A long build-up was seen in 47 stocks, indicated by an increase in open interest (OI) and price.
The tone of benchmark indices remained subdued throughout last week, resulting in modest gains for both Nifty and Sensex. Broader indices however outperformed significantly, with gains ranging from 3.82 to 4.81 percent, surprising participants. According to experts, this week, the initial hurdle for the Nifty will be seen around 23,500, which has acted as a barrier in the past. Once this level is surpassed, Nifty could rally towards 23,900-24,000, which represents the retracement zone of recent correction. On the lower side, the supports are at 23,300, followed by the 23,000-23,900 zone. Any dips towards the support levels should be viewed as buying opportunities.
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