Jhaveri Securities Ltd
February 13, 2025 at 03:22 AM
*JHAVERI Nifty Outlook-*
The index swing in both directions though there was a buying near previous swing low & ended the day on flat note. The index has formed a dragonfly doji candle, which resembles the High Wave kind of pattern on the daily charts, indicating volatility. The immediate support is now placed at 22,780 followed by 22,550 while resistance stands at 23,160 above which it can extend up to 23,300.
*Support: 22550/22780*
*Resistance: 23160/23300*