NIFTY 50 may rise to 25634.00 - 25967.00

Our pivot point stands at 24198.00.

Our preference

The upside prevails as long as 24198 is support.

Alternative scenario

The downside breakout of 24198 would call for 23639 and 23306.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. NIFTY 50 Index is above its 20 and 50 period moving average (respectively at 24482.70 and 24148.10).

Supports and resistances

26299.00 **

25967.00 *

25634.00 **

25302.00

24636.35 last

24417.00

24198.00 **

23639.00 *

23306.00 **

Number of asterisks represents the strength of support and resistance levels.