Nifty May Go Down to 24400 If Not Break 24800 | Market View
đ English Version (Approx. 2000 word) Nifty May Go Down to 24400 If Not Break 24800 – A Trader’s Observation The Indian stock market always attracts attention due to its volatility, opportunities, and risks. Among the key indices, Nifty 50 plays a crucial role in shaping investor sentiment. Recently, I made an observation: đ “Nifty may go down to 24400 if not break 24800. I am a trader not an expert.” This single line carries a lot of meaning. It speaks about levels, psychology, and the uncertain balance between bullish and bearish forces. Let’s analyze this carefully. --- đ Resistance at 24800 – Why It Matters Every market has resistance levels where upward momentum faces obstacles. For Nifty, 24800 appears to be a major hurdle. If Nifty cannot cross and sustain above this level, selling pressure may return. This is why 24800 is so crucial. Technical Perspective: Multiple charts and past trading behavior indicate selling zones near 24800. Psychological Barrier: Round nu...