Market Analysis of NIFTY50 on Friday 24 JANUARY 2024

2025-01-24 14:32Source:BtcDana

 NIFTY50 TECHNICAL ANALYSIS SHORT TERM VIEW  

NIFTY50  can rise above 23425 level because of ABC correction pattern formed as shown in graph . Irregular correction form in previous wave so wave c have higher possibility to jump above 23425 level  and further it can jump towards 24000 level as well in continuation of trend because nifty already in extension zone so sharp bounce towards 24000 can come in short term .


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           Indian shares inched higher on Friday, tracking Asian peers after U.S. President Donald Trump said he would push for lower interest rates, while worries over moderation in domestic earnings capped gains.

                                             

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .

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