Nifty Analysis

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Nifty AnalysisNifty 50 IndexNSE:NIFTYvickshikIf Nifty sustains above 24,120, the index may witness further buying momentum and could move towards 24,180–24,200. A decisive breakout above this zone may extend the rally further. On the downside, if Nifty fails to hold the crucial support of 23,930, profit booking may intensify, dragging the index towards 23,880–23,850. A breakdown below this support zone could open the gates for a further decline towards 23,810–23,790. Key Levels Resistance: 24,120 | 24,180–24,200 Support: 23,930 | 23,880–23,850 | 23,810–23,790 Options Trading Setup Buy CE above 24,120 with targets of 24,180 and 24,200. Buy PE below 23,930 with targets of 23,880, 23,850, and 23,810.