As long as the Nifty 50 holds 23,600–23,500 on a closing basis, resistance is seen at 23,700, followed by the 23,900–24,000 zone. However, if it breaches 23,500, the first target is 23,400 (50-week ...
The Nifty 50 needs to surpass the 23,900-24,000 area for an upward move towards 24,300. However, falling below 23,700 (200 DEMA) could drag the index down to the 23,500 zone. Until then, rangebound ...