Warning-
Nifty presents a compelling buy-side opportunity as it holds above the crucial 22,700-22,900 support zone post recent correction, forming a bullish hammer candle on the daily chart with RSI rebounding from oversold territory at 35 towards 50. Momentum indicators show MACD histogram turning positive with bullish crossover, while volume profile confirms strong buying interest at 23,000 psychological level ahead of RBI MPC minutes. Sustained close above 23,150 targets immediate 23,400 resistance with higher highs pattern intact, offering 2-3% upside potential for intraday longs.Disclaimer– Registration granted by SEBI, membership of a SEBI recognized supervisory body (BSE) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclosure– Investments in securities market are subject to market risks, read all the related documents carefully before investing.