Nifty Forecast for Today: Insights and Analysis for Better Trading Decisions (18 November 2024)
The Nifty 50, a benchmark index of the National Stock Exchange of India (NSE), is a key indicator of market sentiment. Today, Nifty opened at ₹23,478 , with a high of ₹23,606 and a low of ₹23,350 , reflecting a narrow trading range. Let’s dive into the details of the Nifty forecast for today , along with expert predictions and potential trading strategies. Nifty Forecast for Today The market is expected to remain range-bound as investors weigh global cues and domestic earnings reports. Key resistance for Nifty today stands at ₹23,600 , while support is around ₹23,350 . A breakout above ₹23,606 may indicate bullish momentum, while a fall below ₹23,350 could lead to further downside. Traders should watch out for developments in sectors like banking and IT, which significantly influence the index. Read more - https://stockmarketupdate2.wordpress.com/2024/11/18/nifty-forecast-for-today-insights-and-analysis-for-better-trading-decisions/