Indice Nifty 50

Nifty Intraday (01-07-2024)

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The image displays a trading chart for the Nifty 50 Index, showing a 15-minute interval, as observed on July 1, 2024. Here are the key features of the chart:

Candlestick Format: Each bar represents a 15-minute trading interval with indications of opening, high, low, and closing prices.

Exponential Moving Average (EMA): A blue line represents the 20-period EMA, providing insight into the trend's direction and potential support or resistance levels.

Trading Signals:
-Buy Signal: A green arrow suggests buying if the Nifty moves above 24,035, with an open target above 24,150.
-Sell Signal: A red arrow indicates a selling position if the index drops below 23,950, aiming for a target of 23,825.

Technical Overview: The chart captures the intraday movement of the Nifty index, illustrating volatility and potential trading zones based on the EMA and past performance.

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