- **Resistance Levels:** - If the market opens gapdown, the 1st resistance is at 21418.
**Analysis:** - The support levels at 21302 and 21200 are crucial for monitoring potential downside movements in Nifty 50. - If the market opens gapdown, the 1st resistance is identified at 21418. - A cautionary note is provided to avoid trading in the range between 21410 and 21300 in Nifty 50.
**Important Considerations:** - Stay informed about relevant news, economic indicators, and global events that might impact the financial markets. - Ensure a well-defined trading strategy and use risk management tools to manage potential losses. - Regularly monitor price action and technical indicators for insights into market dynamics.
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