Nifty 50 long term trend analysis, major support and resistance

Nifty 50 Index (NSEI: NIFTY) was in a trend for 12 years from June 2008 to Dec 2020. In December 2020 it broke out of this range at ~13357 and almost doubled in just shy of 4 years (September 2024) peaking at ~26277.


Support 1 : 21870 (Fib 23.6%)
Support 2 : 19114 (Fib 38.2%)
Support 3 : 16909 (Fib 50%)



Note: Not an investment / trade recommendation. Just for educational purposes only.