In this article, important levels of nifty 50 have been discussed.
Nifty 50 Analysis: Opportunities and Challenges Ahead
As per the previous analysis on 21 Apr 2023, nifty is taking support at 23% Fibonacci retracement level 17618.
![nifty 50](https://i0.wp.com/chartsspecial.com/wp-content/uploads/2023/04/Nifty-22-Apr.png?resize=650%2C389&ssl=1)
Prediction for 24 Apr 2023
On intraday 21 Apr After touching that level a sharp upside movement has been started. And successfully closed above the resistance level 17655.
therefore footprint of price is showing strength in buyers.
![nifty 50 analysis for intraday](https://i0.wp.com/chartsspecial.com/wp-content/uploads/2023/04/Nifty-50-24-Apr.png?resize=650%2C379&ssl=1)
In today’s trading session, Nifty may hit another resistance level 17800 (psychological round number, people can react at this level and the previous swing high which will also act as a resistance.)
Trading Plan In 15 Min TF
![Nifty 50 fimeframe 15 min](https://i0.wp.com/chartsspecial.com/wp-content/uploads/2023/04/nifty-50-15-min.png?resize=650%2C386&ssl=1)
if able to sustain above 17800 then in the near term we can see a new swing high near 17900.