Tech view: Nifty closes below 100 DEMA; uptrend intact. How to trade tomorrow

December 16, 2024

According to Nagaraj Shetti of HDFC Securities, Nifty remains in an uptrend on long-term weekly charts, with further consolidation presenting a potential buy-on-dip opportunity. Key levels to watch include immediate support at 24,550 and overhead resistance at 24,800.

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