Nifty 50 EndeksiGüncellendi Nifty 50 Prediction for 22 July 2024 along with Support & Resist
Following the election results, markets rose sharply without correction, pushing RSI into the overbought zone before the Union Budget. A negative RSI crossover and 'Bearish Engulfing' pattern suggest a potential correction; traders should consider booking profits.
However, the index has initial support at around 24,400-24,300, in case of a time-based correction. If broken, the next support levels are at 24,250-24,200 and 24,150 will act as a strong support zone. On the other hand, resistance is at 24,650 and 24,800 to 24,850.
Since the market is overbought it has experienced a negative RSI crossover.
Max Pain: 24500 PCR: 0.99 IV: 18.55 as on 19-07-2024.
The market can witness low to medium volatility and can end in green zone.
However, the index has initial support at around 24,400-24,300, in case of a time-based correction. If broken, the next support levels are at 24,250-24,200 and 24,150 will act as a strong support zone. On the other hand, resistance is at 24,650 and 24,800 to 24,850.
Since the market is overbought it has experienced a negative RSI crossover.
Max Pain: 24500 PCR: 0.99 IV: 18.55 as on 19-07-2024.
The market can witness low to medium volatility and can end in green zone.
Not
Disclosure: I am not SEBI registered. The information provided is for educational purposes only and should not be considered financial advice. Consult a qualified financial advisor before making any investment decisions. Tweets are neither advice nor endorsements.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.