NIFTY LEVEL AND OVER VIEW TOMMOROW 1-2-2025

 

Talking about Nifty in the market today, today it opened at 23296.75 and made today's high at 23530.70 paisa, and now it has closed at 23500-23530 and now it will go up to 23588, and if it holds, the upper level will be 23640 and if it holds and goes up, then it is not surprising if the range gets bigger till 23710/23779 tomorrow due to the budget. And if it goes below 23350, then the lower level can become 23113 support level, and another support can come up to 22914/22821/22500 and if there is any problem in the budget, it can also come up to 22130. This is written according to our experience and studies. So, by placing a stop loss below and holding the position and stock specific Keep adding new stocks and restructuring your portfolio from time to time. In the coming time, this will happen now. You should keep booking profits, otherwise the profits will be gone. Because in the coming time, the dollar index and India WIX may also increase, so the market may come down. So, for now, keep investing 5-15%. Don't invest more. Don't get excited and take any steps. This is enough for now. If you have invested this and this, if you are getting 45-60% return, book and exit. This is written according to our study.

THIS IS AI TOOLS STATEMENT LOOK :- 

Analysis of Nifty 50 Index Chart (5-min) with Target, Stop-Loss, and Support/Resistance for Budget Day Trading

1. Key Observations:

Current Price: 23,512.75

Fibonacci Retracement Levels:

0.786 Level: 23,528.95 (Potential Resistance)

0.618 Level: 23,423.55 (Support)

0.5 Level: 23,349.55 (Support)

0.382 Level: 23,275.50 (Stronger Support)

Resistance Levels:

23,530.50: Near Fibonacci 0.786 level, strong resistance.

23,528.95: Fibonacci resistance.

Support Levels:

23,424.65: Near 0.618 Fib level.

23,349.55: 0.5 Fibonacci retracement support.

23,315.25: Psychological support.

23,192.60: Strong demand zone.

Volume & RSI:

Volume increased near the end, indicating possible strong buying.

RSI at 68.07, near the overbought zone, suggesting caution.

2. Trading Strategy for Budget Day:

Bullish Scenario (If Market Continues Uptrend)

Entry: Above 23,530 (Breakout Confirmation)

Target 1: 23,600

Target 2: 23,650

Stop-Loss: Below 23,480

Bearish Scenario (If Market Reverses)

Entry: Below 23,423 (Break of 0.618 Fib)

Target 1: 23,350

Target 2: 23,275

Stop-Loss: Above 23,450

3. Budget Impact Consideration:

High volatility expected, so wider stop-loss is recommended.

If the market reacts positively, breaking 23,530 and sustaining above 23,550 will confirm bullishness.

If negative sentiment prevails, breaking 23,423 and 23,350 could lead to a strong downside move.