Medium Term and Long Term Targets for Nifty for 2024.

There are two trend triangles formed in the daily chart of Nifty. The larger triangle indicates the long term target for Nifty at 23098. The triangle within that which indicates the medium term range or target of Nifty tells us that current rally can peak near 22326. In the process of reaching these targets the support zones are indicated by the green lines and Mother, Father lines (50 and 200 days EMA) which are at 21743, 21486, 20988, 20880 50 Days EMA strong support (Mother line), 20542, 20268, 19857 and finally 19599 200 days EMA very strong support (Father line, 200 days EMA).