Nifty 50 concluded the previous trading session at 23,346.40, gaining 75.80 points (+0.33%). The technical structure suggests a range-bound recovery or tactical relief bounce as the index successfully rejected a channel breakdown and held critical support zones. Hourly RSI above at 50 levels indicates neutral or consolidation zone. Hourly MACD Histogram is above zero and Daily MACD Histogram is still below zero. Thus, the overall trend looks to be in a range and the markets might move either side. Buy on dips and sell on rise would be the best strategy to deploy for today’s market considering the overall trend of Nifty. We may expect a change in trend only if the price sustains below the support level or above the resistance level. I have provided Nifty Spot resistance and support levels which would help you learn in taking informed trading decisions using these levels and understand how support and resistance levels work in financial markets. Nifty Spot Resistance 1 - 23480 Resistance 2 - 23510 Support 1 - 23250 Support 2 - 23230 Happy Learning, Happy Trading and have a wonderful day Top Gainers : ADANIPORTS, ADANIENT, BHARTIARTL

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