NIFTY View For 17/05/2024

Manas Jaiswal Research Analyst Image

Yesterday, NIFTY opened on a positive note and it jumped above the 22300 mark in early trade, but it could not sustain on higher levels and fell sharply. It took support near the 22100 mark and witnessed a sharp recovery. Finally it ended above the 22400 mark. NIFTY has breached the 20DEMA, thus we may see more upside and it can test 22550 and above that it can even test 22750. On the downside, the 100DEMA will play as an important support, which is placed near 21850.

Nifty Imp Levels For 17/05/2024

Open 22319
High 22432
Low 22054
Close 22403
S 1 22161
S 2 21919
R 1 22539
R 2 22674

Actionable Ideas On Nifty for 17/05/2024

Action SL TGT
Buy above 22450 22374 22600
Sell below 22150 22226 22000
Show Timings
Manas Jaiswal Technical Research Group