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.
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.
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
if able to sustain above 17800 then in the near term we can see a new swing high near 17900.