Daily Nifty50 Analysis

NIFTY
26/2/2024
Overview- Singapore CPI Inflation hits 2 year low, due to decreasing fuel and housing costs, while tight monetary conditions saw a decline in recreational spending. Paytm CEO resigns from the board of Payments Bank. India's Poverty level is now below 5%.

Outlook for 27/2/2024- A day of clear indecision in NIFTY as the wider market stayed sideways throughout the day. Daily candle also suggests a clear indecision. Immediate resistance level at 21775 and 22150 levels. Support levels at 22081 and 21929. Important to let market react in the first hour tomorrow and then trade as the indecision might catch a lot of traders.

Note - This is purely educational and not Investment Advice.