Nifty is Ready for Directional movement
Over the past three days, the Nifty index has exhibited a consistent pattern of closing at the same level. The index has been opening with a gap down, indicating a lower opening compared to the previous day's closing price, but has managed to close positively. Currently, the Nifty is precisely trading within the range of 19360 to 19480, suggesting a relatively stable market trend within this specific price range.
Tomorrow is the weekly expiry in the stock market, and there are specific levels to watch out for in the Nifty index. If the Nifty crosses the 19480 mark, the next resistance levels to keep an eye on are 19533 and 19633. On the other hand, if the Nifty crosses below 19360, the next support level to consider is 19299. These levels can provide valuable insights for traders and investors in making informed decisions based on the market's movements.
Tomorrow is the weekly expiry in the stock market, and there are specific levels to watch out for in the Nifty index. If the Nifty crosses the 19480 mark, the next resistance levels to keep an eye on are 19533 and 19633. On the other hand, if the Nifty crosses below 19360, the next support level to consider is 19299. These levels can provide valuable insights for traders and investors in making informed decisions based on the market's movements.
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