Analyzing Nifty's Trade Setup: Support and Resistance Levels
Saturday, 10 August 2024, 21:41
Nifty Trade Setup on August 12
According to Aditya Gaggar, the Nifty index is expected to find significant support near the 24,000 level. A strong breakthrough above this key resistance could lead the index to surge further.
Potential Movement
- The index could reach 24,560 if the resistance level is breached.
- Traders are advised to observe these critical levels for optimal trading decisions.
This analysis underscores the importance of keeping watch on the index's movements relative to these support and resistance levels as part of a comprehensive trading strategy.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.