Nifty 50 Support and Resistance Levels 20Dec23

19 Ara 2023

**Support Levels:**
1. 21300
2. 21200
3. 21100

- **Resistance:**
- If the market opens gapdown, then 21400 to 21450 is identified as resistance.

**Analysis:**
- The support levels at 21300, 21200, and 21100 are crucial for monitoring potential downside movements in Nifty 50.
- A potential resistance zone is identified at 21400 to 21450, especially if the market opens gapdown.
- No resistance levels are highlighted above 21450, considering the all-time high as per the chart.

**Important Considerations:**
- Stay informed about relevant news, economic indicators, and global events that might impact the financial markets.
- Ensure a well-defined trading strategy and use risk management tools to manage potential losses.
- Regularly monitor price action and technical indicators for insights into market dynamics.