The Nifty 50 has fallen below key support levels, forming a bearish pattern, indicating potential further downside momentum. Support is expected around the 24,800 to 25,000 range, while resistance is anticipated near 25,500 levels. Given these trends, traders are advised to adopt a sell-on-rise strategy.
Looking forward, with continued market volatility expected, it would be prudent for traders to hedge positions and approach the market cautiously in the near term.
Wishing you a successful trading week ahead.
Best regards,
Digamber Lokhande
NSE Certified Market Professional
NISM Certified Trainer