Relitrade Group

Relitrade Group

220 subscribers

Verified Channel
Relitrade Group
Relitrade Group
February 28, 2025 at 05:36 AM
*Nifty (CMP): 22,252 (Pathfinder for Nifty)* According to earlier predictions, the index has surpassed the 22,400 level and is currently finding support at the lower band of the falling channel (indicated in red). It is highly likely that the index will find support in the range of 22,300 to 22,200 and experience a bounce from this area. Moving forward, if the index manages to sustain itself above 22,650, it is expected to rise toward the upper band of the channel formation, marked by the red horizontal line, which is near the 23,200 to 23,300 range. However, if weakness persists from the current level and the index breaks the immediate support at 22,100, it could drop toward the levels of 21,500 to 21,400 in the coming days. This current price point is an important area to monitor.

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