Nifty likely to find support at 23550
The Free Press Journal|January 07, 2025
Nifty Bank closed below its 200 DEMA. Now till it holds below 50250 zones weakness could be seen towards 49500 then 49250 levels while resistance is seen at 50250 then 50500 zones
Motilal Oswal Team

Nifty index opened flattish and cascaded right from the start of the session. Bears had complete control and dropped to 23550 zones by 390 points. It formed a big bearish candle on daily frame and closed with losses of around 420 points. Now till it holds below 23800 zones, weakness could be seen towards 23550 then 23450 zones while hurdles are placed at 23800 then 24000 zones.

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