Market Mood - 24/09/2024
The market will be opening flat as suggested by GIFT Nifty which is trading at around 11 points negative as of the time of publishing this post.
Yesterday, the market was obeying the trendline support and resistance and as per what I predicted, it stayed within that trendline for the entire day.
Today seems to be no different as I believe that the range for today will be within the trendlines only. Even though the market opens gap up/down, it will go inside that trendline and will trade within that.
Very strong support is placed at 25,450 and resistance is placed at 26,000.
Trade cautiously with trailing SL if the market moves higher and lock in your profits accordingly.
Yesterday, the market was obeying the trendline support and resistance and as per what I predicted, it stayed within that trendline for the entire day.
Today seems to be no different as I believe that the range for today will be within the trendlines only. Even though the market opens gap up/down, it will go inside that trendline and will trade within that.
Very strong support is placed at 25,450 and resistance is placed at 26,000.
Trade cautiously with trailing SL if the market moves higher and lock in your profits accordingly.
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