Nifty and Bank Nifty bearish outlook with key levels
after close1 source ↓written by the desknot a recommendation
- levels
- 22800-22500
- may trigger further
- 22500
- the index
- 22000
- it closes above
- 55000
- stop loss
- 24000
The Nifty outlook remains bearish with immediate support at 22800-22500 levels. A close below 22500 may trigger further short positions, potentially dragging the index to 22000. For Bank Nifty, maintain a bearish stance until it closes above 55000. Traders are advised to create shorts on any rise with a stop loss at 24000.
Not investment advice. For informational purposes only.