Mumbai: 6 November 2024, On Wednesday, Nifty closed strong with a gain of 270.75 points, or 1.12%, finishing the day at 24,493.90. With this momentum, Nifty is expected to open above the 24,500 mark on Thursday, marking a positive start ahead of the weekly expiry of the Nifty contract.
Traders should be mindful of resistance levels at 24,670 and 24,720, where profit-booking or consolidation could emerge. On the downside, a strong support zone is likely at 24,470, which may provide a cushion for any downward movements.
Key Levels to Watch:
Resistance: 24,670, 24,720
Support: 24,470
As the market digests recent gains, these levels could provide traders with crucial insights for positioning during Thursday’s trading session. The overall sentiment leans positive, but traders should remain cautious at the resistance zones.
Disclaimer: This article is for educational purposes only and does not constitute financial advice. Readers should do their own research and consult a financial advisor before making investment decisions.