james charles Is Nifty preparing for a decisive breakout above 24,500 or will resistance continue to dominate the market?
In this detailed market discussion, Rajesh Bansal shares his technical outlook on Nifty, the impact of ongoing US-Iran tensions, and the broader strength visible in the midcap space. While Nifty continues to struggle near the 24,400–24,500 zone, the broader market is showing strong momentum with adou thiero midcaps already making fresh highs.
📌 Key Highlights from the Discussion:
• Why 24,400–24,500 is a major resistance zone
• Impact of global geopolitical tensions on Indian markets
• Why Midcaps are outperforming Nifty
• Important support level at 24,220
• Intraday Buying Strategy & Targets
• Shorting Strategy near higher levels
• Rajesh Bansal’s Elliott Wave View on Nifty
📊 Intraday Strategy Shared in the Video:
✅ Buy Zone: 24,220 – 24,260
✅ Stoploss: Below 24,150
✅ Targets: 24,375 → 24,420 → 24,500
⚠️ If Nifty approaches 24,500 again, a short-selling opportunity may also emerge as discussed in the video.
Stay tuned for daily market insights, technical analysis, and trading strategies.
Credits: kpmg @thebonusofficial
Disclaimer: This video is for educational purposes only and should not be considered as investment advice. Please consult your financial advisor before taking any investment decision.
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