Tech View: Nifty struggles below 24,180 resistance, relief rally hinges on 23,800 support. How to trade on Friday

December 19, 2024

The recent breakdown point at 24,180 serves as an immediate resistance, followed by the 100-day exponential moving average around 24,350. According to Hrishikesh Yedve of Asit C. Mehta Investment Intermediates, a relief rally is possible if the index holds above 23,800. However, weakness will persist as long as it stays below 24,350.

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