NIFTY SPOT VIEW-24TH AUGUST 2022
Well Nifty stopped the fall and close near day high from it’s day low yesterday nifty’s low was 17345 and it close at 17577,a fast recovery seen into the market.
Lot of short covering and fresh buying seen into the market. By 23rd August trading session all nifty’s sectorial indexes were green among of them Niftybank and Nifty auto sector was the great performer. Heavy buying seen on auto and Bank and Financial sector.
If nifty able to trade 17630 then I will go for long on nifty because minor trend will changed again and it will join the main trend again. If it is happened in the market then next resistance for nifty around 17875-18140 and support stand around 17340.
26th August and 31st August are next pressure dates for nifty also Nifty’s stocks some stocks may create bottoms and tops around the dates.
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