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Akhilesh Jat SEBI RA

2nd Oct · SEBI-Registered Analyst

🎮 Nazara Tech Rebounds 9% After Sharp Sell-Off — Key Resistance Ahead!

NAZARA
witnessed a sharp 9% surge on Wednesday after hitting its lowest level (on same day)since May 8, 2025. The stock had earlier plunged nearly 30% from its August highs following the Indian government’s new gaming law, which bans all real-money online games such as rummy, poker, and fantasy sports — impacting Nazara’s investments in PokerBaazi and its real-money gaming vertical. However, continued government support for the esports segment offered some relief to investors. Technically, the stock now faces a crucial resistance zone at ₹282–₹304. Till the stock does not break above this zone decisively, traders and investors should remain cautious. 💭 What do you think — will
NAZARA
surpass this hurdle or face renewed pressure amid the new gaming bill? 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.

#StockInNews#WatchOutFor#TechnicalViews#Pre-OpeningCommentary
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