Nifty analysis for 20/01/2025.
Major levels
Support :-23130, 23050
Resistance ;- 23280, 23350, 23586
Market is still in a down trend on the major cycle. Bullish trend will only be confirmed once nifty starts trading above 24200 levels.
For now the market is for sell on rise.
Wait for the price action and enter only confirm trades as the volatility in the market is not giving any intraday opportunities to the trades.
Support :-23130, 23050
Resistance ;- 23280, 23350, 23586
Market is still in a down trend on the major cycle. Bullish trend will only be confirmed once nifty starts trading above 24200 levels.
For now the market is for sell on rise.
Wait for the price action and enter only confirm trades as the volatility in the market is not giving any intraday opportunities to the trades.
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