This week, Nifty 50 is expected to trade within a range, with resistance at 24,020 and 24,175, where sellers may dominate. On the downside, support levels at 23,500 and 23,370 could attract buyers, keeping Nifty within this zone.

For Nifty 50 today, the market shows bearish sentiment below 23,800, with critical support at 23,775 and 23,510, while resistance levels lie at 24,050 and 24,190.

Stay updated with our Nifty 50 analysis to capitalize on these key levels and plan your trades effectively.

The nifty 50, part of the wider nifty capital marketplace index, includes 50 powerhouse corporations from various sectors that force the Indian financial system. The nifty organization listing includes giants from banking, it, electricity, and more, every contributing to the index’s typical movement, called the nifty contribution.

When we look at the nifty candlestick chart, it offers us a clearer photo of the way nifty reacts to buying and selling pressures. Whether or not you’re looking on the nifty chart live or analyzing historical data, information these styles is fundamental to predicting the index’s future movements.

According to previous moves Nifty Cleared that 24,020 and 24,175 can be good resistance wherein we can see sellers in that area, and support can be 23,500 and 23370 Nifty should play around this area this week.

Resistance 1	24050
Resistance 2	24190
Support 1	23775
Support 2	23510

 According to data there was unwinding around 23750 on the call side, when Nifty closed on the last trading day. It seems that Nifty is strong below 23800, for tomorrow. 23775 and 23510 can be strong support for tomorrow, and 24050 and 24190 can be strong resistance for tomorrow.

ATR is around 166, and RSI is just above Over Sold Zone, and when we see precisely, we will find that there is single candle divergence on the Daily Time Frame.

When we Analyse on higher Time Frame it is absolutely is negative. When we Analyse based on wave theory this seems third wave wherein it can rest on the level 23144 or 22500. Nifty can be range bound on Monday.

^{Disclaimer:
I am not a certified technical analyst, and the views shared here are solely my own for educational purposes. Please consult your financial advisor before making any investment or trading decisions. I am not responsible for your profits or losses, as they are entirely your own responsibility.}

For intraday Investors, understanding the nifty 50 nowadays levels is crucial. Monday’s key levels, inclusive of 23,775 for help and 24,190 for resistance, offer actionable zones. If you’re looking for lengthy-term investments, checking metrics just like the nifty 50 PE ratio these days offers you a feel of whether the market is undervalued or puffed up.

Sensible tip: continually use a combination of nifty chart predictions and real-time facts from the nifty chart stay to great track your trades.

The nifty 50 is anticipated to play inside a predictable variety this week, giving traders opportunities to capitalize on key Given above key Supports and Resistances. By means of studying the nifty 50 chart, nifty 50 stocks, and live information from the nifty chart nowadays, you may align your techniques with marketplace traits.

I am not a certified technical analyst, and the views shared here are solely my own for educational purposes. Please consult your financial advisor before making any investment or trading decisions. I am not responsible for your profits or losses, as they are entirely your own responsibility.

Read more: Nifty 50 Today: Key Analysis and Levels