Nifty50 has closed the yr 2023 on a powerful be aware. Nonetheless, essential resistances are coming as much as halt the present rally. The likelihood is trying excessive for a corrective fall in 2024. However that correction will give an excellent long-term shopping for alternative.
The present rally in #nifty can prime out both at 21,850 itself or at 22,400 or 23,200. Thereafter #nifty50 can see a corrective fall to 21,000 or 20,500. If the correction is worse, then the draw back within the #nifty can prolong as much as 19,500-19,300 – a vital and powerful help for the #nifty. However thereafter a recent rise can take the #Nifty as much as 24,000-24,500 this yr. From a long-term perspective, as lengthy the #help at 19,300 holds effectively, #Nifty has potential to focus on 27,500 and 28,500.
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