Monday, January 20, 2025

NIFTY SPOT OVERVIEW


Now, if we talk about today's Nifty, it is currently consolidating and if it breaks above 23,375 and holds, it can go up to 23,461/23,511 and if it breaks below 23,310, it can go down to 23,170.If there are any possibilities, then for now, it is better to wait and watch and trade in the direction of the break from this level and create new positions accordingly, otherwise the losses may increase or the profits may increase. Therefore, it is very important to work carefully because the dollar index is increasing and the rupee is minus 18 paise in the rupee-dollar comparison today and there are still possibilities that the dollar may rise. So it can have an impact on our market, so it is important to trade carefully. If you have a position, check it and if you are making a profit, book it when it goes up and if it goes down, set a stop loss

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