Evening Report nifty has potential for higher targets around 24,900-25,000 - Jainam Share Consultants
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The Nifty 50 has shown strong bullish momentum, climbing above key EMAs and breaking critical resistance at 24,350, driven by a three-day rally totaling nearly 400 points. The index also achieved a breakout from a downward trendline and an Inverted Head and Shoulders pattern, confirming a positive bias. It closed decisively at 24,457, forming a bullish candlestick with minor support at 24,300.
We can see nifty has potential for higher targets around 24,900-25,000.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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