Nifty 50 trying to sustain 24500?
Nifty remained sideways for the first half of 10th December. There was a down move testing 24500 in second half but there was quick recovery and Nifty remained flat for the day. We had discussed that 24500 will remain a support and any short trade will have target 24500. The price action is still not negative and the market is sideways. The market might test 24860 in coming days. 24500 is tested successfully and there needs to be further testing for a good short trade. Long trade will also take time and 24860 needs to be tested. As mentioned in earlier posts, The market is sideways and aggressive trades are not prescribed.
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