๐ Market Outlook | Nifty 50
Nifty started the session on a strong note and is currently trading near 23,437 ( 1.19%), reflecting positive sentiment in the broader market. The sharp opening move was supported by strong buying interest, but the index is now witnessing some consolidation near the 23,450 zone.
As long as Nifty holds above 23,400, the bullish momentum remains intact. A decisive move above 23,450โ23,480 could trigger further upside, while a break below 23,400 may lead to short-term profit booking.
๐น Support: 23,400 โ 23,350
๐น Resistance: 23,450 โ 23,480
๐น View: Positive with a cautious approach near resistance levels.
The trend remains your friendโtrade with discipline and let price action guide your decisions. ๐
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