The Nifty 50 failed to hold its entire intraday gains as well as the 25,200 zone—the day's high—due to profit booking, and closed 0.12 percent higher on October 7, continuing its upward journey for a fourth straight session. Technical and momentum indicators remained favourable for bulls, with a continuation of the higher top–higher bottom formation. Hence, if the index decisively surpasses this hurdle, the 25,400–25,500 levels are the ones to watch, provided the 25,000–24,900 zone holds as support, according to experts.
Here are 15 data points we have collated to help you spot profitable trades:
1) Key Levels For The Nifty 50 (25,108)
Resistance based on pivot points: 25,190, 25,225, and 25,280
Support based on pivot points: 25,080, 25,046, and 24,991
Special Formation : The Nif