NIFTY 50 has given closing above 23000, buying momentum continues since last 4 trading sessions, nifty gained 800 points in this week so far since last Friday closing of 22397. NIFTY has given closing above 50 days SMA after long time, IT stocks surged after Fed reaffirmed two rate cuts for 2025, boosting investor confidence. The Nifty IT index rose 1.3%, marking a five-session high, as domestic IT stocks tracked US tech stock gains. momentum may continue for tomorrow as well as global markets are indicating, Dow jones trading +50 points, after a negative opening, we have below levels for nifty for tomorrow… R1 23280 R2 23370 R3 23500 S1 23000 S2 22850 S3 22800 KEY LEVELS 23150 AND 23090, IF NIFTY SUSTAINS ABOVE 23150, WE WOULD SEE FURTHER RALLY UP TO 23400-23500, BELOW 23090 COULD BE SOME PROFIT BOOKING MAY START. All views are only for knowledge sharing, always follow stoploss, trade with discipline.

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