Here are 15 data points we have collated to help you spot profitable trades:
Resistance based on pivot points: 24,579, 24,646, and 24,755
Support based on pivot points: 24,363, 24,296, and 24,187
Special Formation: The Nifty 50 formed a sizeable bullish candle following a strong gap-up opening, signalling strengthening bullish momentum. The index has now closed above the previous day's high for the sixth consecutive session and is trading firmly above all its key moving averages, with the 20-day and 50-day EMAs trending upwards. The RSI has climbed to 74.69, approaching the 75 mark, while the MACD continues to trade firmly above the zero line, with its green histogram bars expanding for the sixth consecutive session. All these indicators point to strong bullish momentum and suggest that the prevailing uptrend remains intact.
Resistance based on pivot points: 57,878, 58,144, and 58,576