Buy on dips advised for Nifty50 as index moves into this key tech formation

Quick Summary:

The immediate support on the charts is at 12,800, making this a key level for traders.

The Nifty 50 Index appears to be approaching a bottom formation in the near term, signaling that a further downside move seems unlikely.

The critical support level is positioned at 24,566, which is expected to act as a strong floor for the index.

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Category: BusinessFinance

Markets: India

Topics: Nifty charts Nifty 50 Technical charts Bse Technical analysis Stock calls Nse Nifty mid select index Outlook Tech calls Nifty chart analysis

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Article Type: News Report

Published On: 2024-10-21 @ 07:30:52 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 22 lines

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Copyright Owner: © Business Standard

News ID: 23145868

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