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nifty 50 faces resistance as bank nifty struggles to maintain upward momentum

The Nifty 50 dropped significantly on November 28, falling 361 points to 23,914, unable to hold near the 24,350 resistance level. A rebound may face resistance between 24,000 and 24,200, while support is seen at 23,600. The Bank Nifty must surpass 52,000 for an upward trend; otherwise, it could decline towards 51,600–51,500.
Moneycontrol
NSE S.A. IND Ameya Ranadive
Finance & Economy, Market Report
21:44 28.11.2024

ifty struggles below key levels as bank nifty faces resistance

On November 21, the Nifty 50 fell 169 points to 23,350, remaining below the 200 DEMA for the fifth consecutive session, with potential support at 23,200. Resistance is seen in the 23,500–23,550 range, while the Bank Nifty needs to maintain above 50,000 to target 50,800–51,000; otherwise, it may drop to 49,500.
Moneycontrol
NSE IND Ameya Ranadive
Finance & Economy, Market Report
19:36 21.11.2024
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