Technical View: Nifty 50 likely to stay range-bound below 24,400; Bank Nifty holds 20-day EMA, signalling short-term bullish trend remains intact
Nifty needs to reclaim and sustain above the 24,350-24,400 zone, which could increase the possibility of a further upmove towards the 24,800-25,000 zone. Until then, range-bound trading and consolidation are likely to continue, with immediate support at 24,200, followed by the key support level of 24,000. The Nifty 50 retreated after Friday’s sharp…
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