Nifty will achieve 26526 very shortly
Good morning everyone!
24th September 2024, Tuesday.
So
NIFTY gave a good upside as we analyzed. The target 26526 still looks achievable.
However we need a little dip for that to overcome. The hurdle at upside is now at 26056.
Support is at 25474. Below this 25265 is the short term support.
One very clear instruction is that don't trt to short this market nakedly. Also, do not chase any gapup or breakout at this point.
Buy only from support. Wait for your levels to emerge. Do not be in hurry.
BANKNIFTY still looks bullish and the target of 56027 is still intact. Support lies @ 53376 to creat fresh longs.
CNXFINANCE almost achieved the marked target. Now it may give a little correction in a day or two. Which will provide some buying oppurtunity in in the index.
Good intrday support at 24704. Resistance at 25012.
CNXREALTY and 
CNXPHARMA sectors will be on radar.
HONDAPOWER looks very good if you are looking for a stable short term pick to hold for 4-5 weeks.
That will be all for the day. Have a profitable day ahead.
-------------------------------------------------------
🔴 Disclaimer - Not a Buy/Sell Recommendation.
TrendX Institute of Technical Analysis
(A Unit of Candlestick Institute OPC Pvt Ltd.)
GSTIN NO. - 07AALCC8499B1ZA
24th September 2024, Tuesday.
So
NIFTY gave a good upside as we analyzed. The target 26526 still looks achievable. However we need a little dip for that to overcome. The hurdle at upside is now at 26056.
Support is at 25474. Below this 25265 is the short term support.
One very clear instruction is that don't trt to short this market nakedly. Also, do not chase any gapup or breakout at this point.
Buy only from support. Wait for your levels to emerge. Do not be in hurry.
BANKNIFTY still looks bullish and the target of 56027 is still intact. Support lies @ 53376 to creat fresh longs. CNXFINANCE almost achieved the marked target. Now it may give a little correction in a day or two. Which will provide some buying oppurtunity in in the index.Good intrday support at 24704. Resistance at 25012.
CNXREALTY and CNXPHARMA sectors will be on radar. HONDAPOWER looks very good if you are looking for a stable short term pick to hold for 4-5 weeks. That will be all for the day. Have a profitable day ahead.
-------------------------------------------------------
🔴 Disclaimer - Not a Buy/Sell Recommendation.
TrendX Institute of Technical Analysis
(A Unit of Candlestick Institute OPC Pvt Ltd.)
GSTIN NO. - 07AALCC8499B1ZA
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