The Nifty index is currently trading at a critical support level of 17764.10. Our technical analysis shows that if the index breaks above this level, it could be a good opportunity to buy for a short term.
The stop loss for this trade should be set at 17512, as a break below this level could indicate a change in trend.
The first target for this trade is 18016.20, which is a key resistance level that the index has struggled to break through in the past. If the index reaches this level, it could be a good opportunity to take profits.
The second target for this trade is 18183.75, which is a key resistance level that the index has struggled to break through in the past. If the index reaches this level, it could be a good opportunity to take profits.
It's important to note that technical analysis is not a guarantee of future performance and it is always important to conduct your own research and make your own decisions. This report should be used for informational purposes only.
The stop loss for this trade should be set at 17512, as a break below this level could indicate a change in trend.
The first target for this trade is 18016.20, which is a key resistance level that the index has struggled to break through in the past. If the index reaches this level, it could be a good opportunity to take profits.
The second target for this trade is 18183.75, which is a key resistance level that the index has struggled to break through in the past. If the index reaches this level, it could be a good opportunity to take profits.
It's important to note that technical analysis is not a guarantee of future performance and it is always important to conduct your own research and make your own decisions. This report should be used for informational purposes only.
