NIFTY 50 OVERVIEW

                        

NIFTY 50 OVERVIEW :- 

Nifty 50 is in a short-term uptrend, trading above its key moving averages. However, this timeframe is useful for short-term momentum only. A 1–30 day outlook should also account for the daily trend, so the levels below are best treated as technical trading zones, not guarantees.

NIFTY 50 CMP: 24,012 Call: BUY 🟢

Parameter Recommendation Target 1 24,180 Target 2 24,350 Target 3 24,550 Stop Loss 23,820 (closing basis) Probability 69% Potential Upside 0.7% – 2.2% Timeframe 1–30 Days Key Technical Levels Immediate Support: 23,950–23,980

Major Support: 23,820

Strong Resistance: 24,180

Breakout Zone: 24,350

Next Upside Zone: 24,500–24,550

Trading View Trend: Bullish while above 23,820.

A sustained move above 24,180 can open the way toward 24,350, and if that level is decisively crossed, 24,500–24,550 becomes the next technical objective.

If Nifty closes below 23,820, the bullish setup weakens and profit booking could drag the index toward 23,700–23,550.

Monthly Outlook Bullish Scenario (Higher Probability): 24,180 → 24,350 → 24,550

Bearish Scenario (If Support Breaks): 23,820 → 23,700 → 23,550

Overall View: The technical structure currently favors the bulls, but a decisive break below 23,820 would invalidate the near-term bullish outlook.

– SHREEJI FINANCE & INVESTMENT