Our pivot point is at 23329.00.
Our preference: the upside prevails as long as 23329 is support.
Alternative scenario: the downside breakout of 23329 would call for 22634 and 22218.50.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Nifty 50 (NSE) (ON) is trading above both its 20 and 50 period moving average (respectively at 23290.10 and 23047.80).
Supports and resistances:
26292.00 **
25873.50 *
25452.50 **
25034.00
24131.30 last
23603.50
23329.00 **
22634.00 *
22218.50 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-21-2025 at 12:38 UTC+1
Price reference: 24131.30 last known on 04-21-2025 at 12:38 UTC+1
Investment horizon: ST
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