A bearish candle suggests further market weakness. Traders should “sell on rise” and only buy above 26,000. Key levels to watch are support at 25,000 and 24,750, and resistance at 25,500. Breaking below support could trigger more declines, while hitting resistance may limit any upward movement, according to Hardik Matalia of Choice Broking.
F&O Talk| Nifty trading trapped in 23,000-25,000 range with bearish long-term outlook: Rahul Ghose of Hedged.in
With the current market scenario, analyst Rahul Ghose, Founder of Hedged.in interacted with ET Markets regarding the outlook on Nifty and Bank Nifty and an
January 5, 2025