Tech View: Nifty forms high wave type candle on weekly chart. Here’s how to trade next week

October 11, 2024

Nifty formed a small negative candle, indicating continued narrow range movement. The underlying trend remains choppy. Support at 24,920 and 24,750. Resistance at 25,000-050 and 25,250-275. Bears are in control, using pullback rallies to create short positions.

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