Nifty to Remain Range-Bound as Market Awaits Breakout
Key Levels to Watch: 22,700 and 22,300
According to Zuari Technical Research and Analysis Academy, the Nifty 50 index is expected to trade within a tight range in the coming sessions, facing strong resistance at 22,700 and support at 22,300. Market analysts suggest that a breakout beyond these levels could define the next major move.
#Breakout Scenarios:
– If Nifty surpasses 22,700, it could trigger a rally toward 23,220, fueled by strong buying momentum and positive market sentiment.
– If Nifty breaks below 22,300, it may slip further and retest support levels around 21,800, signaling bearish pressure.
Analysts from Zuari Technical Research and Analysis Academy emphasize that global market trends, economic data, and institutional investments will play a crucial role in determining the index’s direction. Traders should closely monitor these levels before making significant trading decisions.
📉📈 Stay tuned for more updates on market trends!
*Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult a professional before making any trading decisions.