Nifty index opened positive but slipped to 23500 zones in the first half of the session. It was followed by a steep recovery of 230 points in the next half and it recouped most of its intraday losses. It formed a small bodied candle with long lower shadow which indicates support based buying at lower zones but absence of follow up is bringing instability. Now till it holds below 23800 zones, weakness could be seen towards 23600 then 23500 zones while hurdles are placed at 23800 then 24000 zones.
This story is from the January 09, 2025 edition of The Free Press Journal.
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This story is from the January 09, 2025 edition of The Free Press Journal.
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