Market Analysis of NIFTY 50 on Thursday 23 JANUARY 2024

2025-01-23 14:08Fonte:BtcDana

NIFTY50 TECHNICAL ANALYSIS SHORT TERM VIEW    


NIFTY50  can fall below 23975 level because of double zigzag correction pattern formed at level of 23975 . Major resistance level are 23346 to 23500 level . Overall trend stop loss is 23550 level and nifty can fall below 23975 level .Intraday targets are 23180,23150 and 23975 level and stop loss is 23550 level .


QUICK FUNDAMENTAL LOOK


            India's benchmark indexes recovered from a negative start on Thursday, led by IT stocks on optimism over the rise in artificial intelligence (AI) spending in the U.S., while worries over earnings moderation and U.S. tariffs 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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