Nifty reversed at the trendline support of the Monthly chart.
Prices recovered over 50% of the steep fall of 7th April'25.
Nifty is expected to recover more and continue the bullish run at least until the 23k mark and until the supply zone, which is between 23800 and 23870.
Immediate support is 23245 and Immediate resistance is 22520.
If the price breaches resistance the other key levels are:-
22725, 22858.50 and 23060-62 as R1, R2 and R3 respectively.
If the price breaks down support again (which is least expected as of now), other key levels are 22245, 21965 and 21745
Prices in spot.
Prices recovered over 50% of the steep fall of 7th April'25.
Nifty is expected to recover more and continue the bullish run at least until the 23k mark and until the supply zone, which is between 23800 and 23870.
Immediate support is 23245 and Immediate resistance is 22520.
If the price breaches resistance the other key levels are:-
22725, 22858.50 and 23060-62 as R1, R2 and R3 respectively.
If the price breaks down support again (which is least expected as of now), other key levels are 22245, 21965 and 21745
Prices in spot.
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