Tech View: Nifty taking support at 50-DEMA. Here’s how to trade on Friday

August 8, 2024

Nifty finds support at its 50-day exponential moving average (50-DEMA) but faces resistance near 24,350. A breakout above this level or a drop below 24,000 is needed for the next significant move. Despite the current negative trend, selling pressure may persist even within this range, according to Chandan Taparia of Motilal Oswal

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