NIFTY 50 may rise to 25634.00 - 25964.00

24129.00 is our pivot point.

Our preference

The upside prevails as long as 24129 is support.

Alternative scenario

Below 24129, expect 23574 and 23244.

Comment

The RSI is above 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 24480.10 and 24147.10).

Supports and resistances

26297.00 **

25964.00 *

25634.00 **

25302.00

24584.25 last

24347.00

24129.00 **

23574.00 *

23244.00 **

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