Tech view: Nifty forms small red candle, faces strong resistance at 100 DEMA. How to trade tomorrow

October 30, 2024

On Wednesday, Nifty formed a small red candle near the 100-Day Exponential Moving Average (DEMA), indicating strong resistance around 24,470-24,500. If the index holds above 24,500, it could extend gains toward the 24,600–24,700 range, with key support at 24,070.

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