Important Levels and Demand & Supply Zones for NIFTY50
Please note that I am not a SEBI registered research analyst, and this analysis is not intended to be construed as a buy or sell recommendation.
As of 05th December 2023, NIFTY50 appears to have found support around the 18850 level and has been exhibiting a bullish trend, currently trading near 20800. Based on my analysis, there is a possibility of a minor correction after this rally. In such a scenario, Nifty50 might experience a pullback to around 20,000 levels.
Traders and investors are advised to conduct their own thorough research and consider multiple factors before making any financial decisions. Always be aware of the risks involved in the stock market, and if needed, consult with a SEBI registered financial advisor for personalized advice.
This analysis is purely educational and aims to provide insights into the potential market movements based on technical indicators. It should not be misconstrued as a substitute for professional financial advice. Trade responsibly and within your risk tolerance.
As of 05th December 2023, NIFTY50 appears to have found support around the 18850 level and has been exhibiting a bullish trend, currently trading near 20800. Based on my analysis, there is a possibility of a minor correction after this rally. In such a scenario, Nifty50 might experience a pullback to around 20,000 levels.
Traders and investors are advised to conduct their own thorough research and consider multiple factors before making any financial decisions. Always be aware of the risks involved in the stock market, and if needed, consult with a SEBI registered financial advisor for personalized advice.
This analysis is purely educational and aims to provide insights into the potential market movements based on technical indicators. It should not be misconstrued as a substitute for professional financial advice. Trade responsibly and within your risk tolerance.
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