Nifty 50 Support And Resistance
Key Support and Resistance Levels
Resistance Levels :
Resistance Level 1 :
24,280 – This is the first barrier that Nifty 50 needs to overcome. Breaking above this level could signal continued upward momentum in the short term.
Resistance Level 2 :
24,355 – This acts as the next significant resistance. A break above this level would likely attract more buyers, potentially pushing the index higher.
Support Levels :
Support Level 1 :
24,150 – This is the immediate support level. If the index starts to decline, holding above this level could indicate that buyers are stepping in to prevent further losses.
Support Level 2 :
24,075 – This is a crucial support level, serving as a safety net if the index faces stronger selling pressure. A break below this level could indicate bearish sentiment.
Market Trend :
technical Analysis shows that the Nifty50 is stable.
Bank Nifty Support And Resistance
Key Support and Resistance Levels
Resistance Levels :
Resistance Level 1 :
52,240 – This level represents the first line of resistance. If Bank Nifty approaches this level, traders should watch for potential selling pressure. A strong breakout above this could signal further bullish momentum.
Resistance Level 2 :
52,400 – This is a higher resistance level. If Bank Nifty breaks through this level, it may indicate a strong upward trend, as buyers could gain further control.
Support Levels:
Support Level 1 :
51,745 – This level serves as immediate support. If Bank Nifty declines, buyers may step in here, potentially preventing a deeper fall.
Support Level 2 :
51,500 – This is a crucial support level. A drop below this point may indicate increasing bearish sentiment and could lead to a more substantial decline.
Market Trend :
Technical Analysis shows that the Bank Nifty is stable.
Sensex Support And Resistance
Key Support and Resistance Levels
Resistance Levels:
Resistance Level 1 :
79,710 – This level is the first point of resistance. If Sensex reaches this level, it may face selling pressure, making it a potential reversal point unless there is strong buying momentum to push it further.
Resistance Level 2 :
79,980 – This is a significant resistance level. A break above this level could indicate bullish strength, possibly leading to a continuation of the uptrend.
Support Levels :
Support Levels 1 :
79,270 – This is the first line of support. If Sensex pulls back, this level may attract buying interest, potentially halting further declines.
Support Levels 2 :
78,930 – This is a stronger support level. A fall below this point could signal a shift towards bearish sentiment, as it might indicate a lack of buying interest at higher levels.
Market Trend
Technical Analysis shows that the SENSEX is stable.
