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#nifty
📊 NIFTY 50 — Daily Outlook
NIFTY is currently showing a corrective structure, with the (c) wave potentially unfolding toward the 23,793–23,626 support zone.
🔹 Below 24,276: downside pressure may continue.
🔹 Key Support: 23,793–23,626
🔹 Major Demand Zone: 23,392–23,114
🔹 Resistance: 24,276
🔹 Major Resistance: 24,780
Outlook: The immediate structure remains cautious to bearish unless NIFTY reclaims 24,276 decisively. A hold in the 23,793–23,626 zone could trigger a bounce, while a breakdown may open the door toward the lower demand zone.
Trade the structure, not the emotions. 📉📈
Not financial advice. Do your own research.