NIFTY 50 19th DECEMBER 2024
Yellow Zone
(24,285.45 - 24,259.40): This is a neutral or consolidation zone. If the price breaks above this zone with volume, it might move towards the Red Zone (Resistance levels).
Red Zone
(24,488.20 - 24,367.50): This acts as a resistance area. If the price reaches this zone, watch for rejection or a breakout above it for further upside.
Green Zones (Support levels):
24,086.40 - 24,049.00 (Upper green zone): Immediate support area; a break below this may push the price lower.
23,915.80 - 23,872.85 (Lower green zone): Stronger support, indicating a potential reversal zone.
(24,285.45 - 24,259.40): This is a neutral or consolidation zone. If the price breaks above this zone with volume, it might move towards the Red Zone (Resistance levels).
Red Zone
(24,488.20 - 24,367.50): This acts as a resistance area. If the price reaches this zone, watch for rejection or a breakout above it for further upside.
Green Zones (Support levels):
24,086.40 - 24,049.00 (Upper green zone): Immediate support area; a break below this may push the price lower.
23,915.80 - 23,872.85 (Lower green zone): Stronger support, indicating a potential reversal zone.
Penafian
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