Tech View: Nifty momentum indicators blink sell. Here’s how to trade on Budget day

July 22, 2024

The negative crossover in daily and hourly momentum indicators signals a sell opportunity. Key support levels to watch are 24,265 (20-day moving average) and 24,000 (23.6% Fibonacci retracement level). A breakout above 24,860 could push the market towards 25,530, according to Jatin Gedia of Sharekhan.

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