Ravi Nathani recommends buy-on-dips strategy for Nifty50, Bank indices

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Ravi Nathani recommends buy-on-dips strategy for Nifty50, Bank indices - Business Standard

Quick Summary:

On the downside, the lowest level of the previous week at 23,047 serves as a crucial stop-loss level, which should be adhered to on a weekly closing basis to manage risk effectively.

Key resistance levels for the short term are identified at 23,800, 24,275, and 24,675, where traders should monitor for profit-taking or potential reversals.

Traders should focus on building positions near support levels while targeting resistance zones for profits.