Amol believes that the short-term market outlook remains positive, but a fresh uptrend rally is possible only after the dismissal of 24,700/79100.
According to Sumeet Bagadia, Executive Director at Choice Broking, the broader Nifty 50 trend remains positive, but the index could consolidate unless it decisively crosses the 24,700–24,750 resistance zone.
Nifty closed at 24,570.65, down 0.27%, almost exactly at the central pivot of 24,574.60. This indicates equilibrium between buyers and sellers before the next session.
Nifty Trades Above 24,500, in a Defined Range;
Weekly Doji Signals Indecision at Higher Levels, Nifty Bank Remains Range-Bound Above
20-DEMA; 58,000 Continues to Hold the Key to the Next Move
Sapphire Foods India Ltd is today’s momentum trading candidate. The stock is trading at Rs. 224, just below the recommended breakout level. Traders should buy only above Rs. 227,
