Nifty50 trading strategy: Key Support at 24,600, Resistance at 25,000

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Nifty50 trading strategy: Key Support at 24,600, Resistance at 25,000 - Business Standard

Quick Summary:

There have been insignificant alterations to the price action for Nifty, though the overall market breadth turned a bit exhaustive, indicating a sign of caution.

On the higher end, the bearish gap on the daily chart, around 24850-24950, is likely to act as intermediate resistance, followed by the psychological mark of 25000 in the near period.

The impressive winning streak in the benchmark index came to an end after eight consecutive weeks of gains.