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Bloomberg Quint

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Image Credit: Bloomberg Quint

Trade Setup For Dec. 24: NSE Nifty 50 Finds Immediate Support Near 23,600

  • The NSE Nifty 50 finds immediate support near 23,600, with key resistance positioned at the 23,840-24,070 levels.
  • Analysts highlight further resistance in the 24,320 zone while maintaining a cautious outlook given current market conditions.
  • A strong move above the 23,850-24,000 range could signal a trend reversal.
  • Indian markets are expected to remain range-bound due to a lack of triggers amidst Christmas holidays, relentless FII selling, and a weak Indian rupee.

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