FinanceMoneycontrol
Technical View: Holding above 200 DEMA crucial for Nifty's upside toward April high next week; VIX falls...
in5points
Nifty 50 closed above the 200-day EMA for the first time since July 6, with holding above it seen as crucial for further upside.
Immediate resistance for Nifty is at 24,500 (July high), followed by 24,600 (April swing high) next week.
Immediate support for Nifty is at 24,200, with consolidation and range-bound trading expected until then.
VIX fell below 12, but a rally is unlikely until Bank Nifty decisively surpasses its 20 DEMA.
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