NIFTY 50 may rise to 25139.00 - 25343.00

Our pivot point is at 24264.00.

Our preference

The upside prevails as long as 24264 is support.

Alternative scenario

The downside breakout of 24264 would call for 23923 and 23719.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. NIFTY 50 Index is above its 20 and 50 period moving average (respectively at 24266 and 23412).

Supports and resistances

25546.00 **

25343.00 *

25139.00 **

24938.00

24530.90 last

24396.00

24264.00 **

23923.00 *

23719.00 **

Number of asterisks represents the strength of support and resistance levels.