Daily of Nifty50 Analysis

NIFTY
29/2/2024
Overview- India's GDP has surged to 8.4% in Q3, yearly growth rate pegged to be 7.6%. India's Trade deficit at 11.03 lakh cr which is well within the govt's target spending for the whole year.

Outlook for 1/3/2024- Nifty50 remained sideways throughout the day within the range of 22050 to 21880. It seems to be a no-trade zone for option buyers at the moment. A gap up can be expected due to positive GDP data. Important resistance at 22054 and 22088 and important support at 21876. Buyers would be active over the 22088 levels as tomorrow's day looks bullish.

Note- This is purely educational and not Investment advice.