NIFTY Key Support & Resistance for July 21st
Chart Overview:
NIFTY might consolidate after a sharp fall, currently trading around the 24,918–24,965 zone on the 15-minute chart. The price is hovering below the EMA, indicating weak momentum and hesitation in recovery.
Key Levels:
Major Resistance:
25,200 – Strong resistance zone; multiple rejections expected if tested. Watch for possible reversals or fake breakouts near this level.
Other Resistances:
* 25,127
* 25,041
Immediate Supports:
* 24,918
* 24,863
* 24,724
Outlook for July 21st:
* Failure to sustain above 24,970 could invite fresh selling toward 24,724.
* Range-bound action likely between 25,041 and 24,863 unless a strong breakout occurs.
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Chart Overview:
NIFTY might consolidate after a sharp fall, currently trading around the 24,918–24,965 zone on the 15-minute chart. The price is hovering below the EMA, indicating weak momentum and hesitation in recovery.
Key Levels:
Major Resistance:
25,200 – Strong resistance zone; multiple rejections expected if tested. Watch for possible reversals or fake breakouts near this level.
Other Resistances:
* 25,127
* 25,041
Immediate Supports:
* 24,918
* 24,863
* 24,724
Outlook for July 21st:
* Failure to sustain above 24,970 could invite fresh selling toward 24,724.
* Range-bound action likely between 25,041 and 24,863 unless a strong breakout occurs.
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