Indice NIFTY 50Short
Nifty 50 - maska chaska
lets see
The Nifty 50 index on October 11, 2024, showed a mix of positive sentiment with some cautionary trends. The market structure has been largely range-bound, with support seen around 24,950 to 24,900 levels. The index closed slightly higher, reflecting minor gains, but overall, the market is in a consolidation phase. Technical analysis suggest a resistance zone around 25,150–25,300, and if Nifty manages to break above this, there could be an upside towards 25,500–25,600. However, there is also potential for downside movement if the market fails to sustain these levels, with a possible correction toward 24,750–24,700 or even more!
The sentiment remains cautious, as the market is struggling to reclaim its 50-day EMA, showing signs of weakness. Momentum hint at indecisiveness, and analysts are recommending a "sell on rise" strategy until the index stabilizes.
For now, traders seem to be waiting for clearer signals, making the overall sentiment moderately bearish in the short term.
The Nifty 50 index on October 11, 2024, showed a mix of positive sentiment with some cautionary trends. The market structure has been largely range-bound, with support seen around 24,950 to 24,900 levels. The index closed slightly higher, reflecting minor gains, but overall, the market is in a consolidation phase. Technical analysis suggest a resistance zone around 25,150–25,300, and if Nifty manages to break above this, there could be an upside towards 25,500–25,600. However, there is also potential for downside movement if the market fails to sustain these levels, with a possible correction toward 24,750–24,700 or even more!
The sentiment remains cautious, as the market is struggling to reclaim its 50-day EMA, showing signs of weakness. Momentum hint at indecisiveness, and analysts are recommending a "sell on rise" strategy until the index stabilizes.
For now, traders seem to be waiting for clearer signals, making the overall sentiment moderately bearish in the short term.
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