NIFTY Overview
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The Nifty remained volatile throughout the day before closing in the red. On the daily chart, an inverted hammer pattern has formed,
signaling a possible bullish reversal. However, the index has been trading below the 21EMA on the daily chart. The RSI is in a bearish
crossover and continues to decline. On the lower end, support is placed at 23,000 on a sustained basis, while on the higher end, the index
may move towards 23,200 or higher.
Equity & Derivative Segment - Daily Market Outlook
Nifty Spot Chg. Nifty Future Chg. Pre/Dis
23,031 -0.06%↓ 23,108 -0.07%↓ 76.3 ↑
Daily Pivot Levels
R1 R2 PP S1 S2
23,181 23,330 23,086 22,937 22,843
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