Tech view: Nifty’s short-term trend remains weak, critical support at 200 DEMA. How to trade tomorrow
- Posted on November 4, 2024
- By Business News Today
- 2 Views
Tech view: Nifty’s short-term trend remains weak, critical support at 200 DEMA. How to trade tomorrow
Nifty's short-term trend remains downward, with potential for further weakness. The next key support level to watch is around 23,500, aligning with the 200-day EMA. Any rebound from this level is likely to encounter strong resistance near 24,200, according to Nagaraj Shetti of HDFC Securities.
