From the beginning of October until the third week of November, Nifty saw a significant fall due to multiple reasons, such as **FII selling, overvaluation, war tensions**, and the **US Presidential elections**, among others. However, since November 21st, the market found support and has shown a good recovery. Unfortunately, during this phase, **retailers had little to no opportunity to profit**.
Currently, there seems to be **a good trading opportunity**. Based on technical analysis, since **December 5th**, the market has been trading within an **inside range**, with **resistance at 24,850** and **support at 24,300**. I see this as a **healthy consolidation phase**, and there is a possibility that Nifty could **break out of this zone on either side**. Once the breakout happens, a strong move could follow.
Currently, there seems to be **a good trading opportunity**. Based on technical analysis, since **December 5th**, the market has been trading within an **inside range**, with **resistance at 24,850** and **support at 24,300**. I see this as a **healthy consolidation phase**, and there is a possibility that Nifty could **break out of this zone on either side**. Once the breakout happens, a strong move could follow.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.