From the beginning of October until the third week of November, Nifty saw a significant fall due to multiple reasons, such as **FII selling, overvaluation, war tensions**, and the **US Presidential elections**, among others. However, since November 21st, the market found support and has shown a good recovery. Unfortunately, during this phase, **retailers had little to no opportunity to profit**.
Currently, there seems to be **a good trading opportunity**. Based on technical analysis, since **December 5th**, the market has been trading within an **inside range**, with **resistance at 24,850** and **support at 24,300**. I see this as a **healthy consolidation phase**, and there is a possibility that Nifty could **break out of this zone on either side**. Once the breakout happens, a strong move could follow.
Currently, there seems to be **a good trading opportunity**. Based on technical analysis, since **December 5th**, the market has been trading within an **inside range**, with **resistance at 24,850** and **support at 24,300**. I see this as a **healthy consolidation phase**, and there is a possibility that Nifty could **break out of this zone on either side**. Once the breakout happens, a strong move could follow.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.