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Trade setup for May 27: Nifty faces key test at 23,800 as oil reclaims $100; GIFT Nifty signals gap-down start
Global cues were mixed, as uncertainty in the US-Iran talks led to oil prices reclaiming the $100-mark.
On the downside, 23,800 remains the most important level to watch for the Nifty going into Wednesday's trading session, which ...
The Nifty did cross its 50-DMA of 23,769 intraday, but despite multiple attempts, it could not sustain above those levels.
A decisive move above the 23,800–23,900 zone is required for further upside towards the 24,000 level on the Nifty 50. Until then, range-bound trading may continue, with support placed at 23,400. Only ...
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Trade setup for May 22: Nifty faces resistance at 23,850 levels; GIFT Nifty signals gap-up start
The benchmark equity index is expected open higher on Friday, with GIFT Nifty futures trading 0.8% higher at 23,704 at 11:32 ...
The Nifty 50 may attempt a rebound toward the 23,750–23,850 zone but needs a sustainable close above 23,800 for a further ...
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