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These 2 chart patterns signal more pain likely for Nifty; can break 24,000 | News on Markets

8 September 2024
in Business
These 2 chart patterns signal more pain likely for Nifty; can break 24,000 | News on Markets
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The NSE Nifty 50 index is testing its 20-DMA support amid global market weakness, shedding over 2% from its all-time high. Technical indicators signal potential further weakness in September, with downside targets at 24,200 and 23,885. Key support levels are at 24,845 and 24,600, with resistance at 25,030 and 25,200; sustained trading above these levels could dismantle the bearish set-up.

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Tags: BreakChartMarketsNewsNiftyPainPatternsSignal
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