NIFTY Overview
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The index continues to decline as it remains below the critical 21EMA moving average. The trend remains weak; however, after a
meaningful correction, the proximity to the falling wedge support could provide a reason for recovery. On the lower end, the 22,900-22,940
zone may act as strong support, while on the higher end, resistance is placed at 23,300.
Equity & Derivative Segment - Daily Market Outlook
Nifty Spot Chg. Nifty Future Chg. Pre/Dis
23,072 -1.32% 23,153 -1.30% 81.4 ↑
Daily Pivot Levels
R1 R2 PP S1 S2
23,312 23,553 23,150 22,909 22,746
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