Nifty at a Turning Point: Buy for Short-Term Profit

The Nifty index is currently trading at a critical support level of 17764.10. Our technical analysis shows that if the index breaks above this level, it could be a good opportunity to buy for a short term.

The stop loss for this trade should be set at 17512, as a break below this level could indicate a change in trend.

The first target for this trade is 18016.20, which is a key resistance level that the index has struggled to break through in the past. If the index reaches this level, it could be a good opportunity to take profits.

The second target for this trade is 18183.75, which is a key resistance level that the index has struggled to break through in the past. If the index reaches this level, it could be a good opportunity to take profits.

It's important to note that technical analysis is not a guarantee of future performance and it is always important to conduct your own research and make your own decisions. This report should be used for informational purposes only.