NIFTY 50 may rise to 25922.00 - 26256.00

Our pivot point stands at 24434.00.

Our preference

The upside prevails as long as 24434 is support.

Alternative scenario

Below 24434, expect 23872 and 23539.

Comment

The RSI is above its neutrality area at 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 24548.10 and 24308).

Supports and resistances

26592.00 **

26256.00 *

25922.00 **

25588.00

24911.70 last

24653.00

24434.00 **

23872.00 *

23539.00 **

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