Nifty has to hold 23650 for upmove
The Free Press Journal - Bhopal|January 02, 2025
Till Nifty Bank holds below 51350 zones weakness could be seen towards 50500 then 50250 levels while on the upside hurdle is seen at 51350 then 51650 zones
Motilal Oswal Team

Nifty opened flattish and after the initial drop to 23550 levels, it witnessed a pullback move of 260 points. The index has been consolidating within a band from the last seven trading sessions. It formed a bullish candle on daily frame and negated its lower highs formation of the last two sessions. Now it has to hold above 23650 zones for an upside move towards 23900 then 24000 zones while supports are placed at 23650 then 23550 zones.

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