NIFTY50 TECHNICAL ANALYSIS SHORT TERM VIEW
NIFTY 50 can rally for 24700 level with stop loss 24100 level . Last impulse was about 100 % extension zone i.e 23800 level , now Nifty 50 can jump towards 24700 in short term . Presently 23200 stop loss with immediate support 23240 to 23317 and nifty 50 can directly jump towards 24700 level .Tomorrow is budget day and nifty can surprise rally towards 24700 level .
QUICK FUNDAMENTAL LOOK
Indian equity benchmarks, Sensex and Nifty 50 rose ahead of the Economic Survey 2025 on January 31, tracking gains in global markets. Expectations of favourable triggers from the upcoming Union Budget 2025 also aided bullish sentiments.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .