market view for nifty 29 november 2024

Technical Indicators: Traders often rely on chart patterns, moving averages, and RSI (Relative Strength Index) to determine Nifty’s momentum and strength. If the Nifty is near key support or resistance levels, it could either break out or reverse direction.

Global Factors: Any significant global market news or events (such as economic data releases or geopolitical tensions) can have an impact on Nifty’s direction.

Sentiment & News: News from sectors such as banking, tech, or oil, or any domestic economic policy changes, could influence investor sentiment.

Volume: If there is a strong volume trend behind price movements, it may signal more sustainable moves.