Daily Nifty50 Analysis

NIFTY
6/2/2024
Overview- Middle East tensions rise as Lebanon says that its army is incapable of being deployed on Israel's border. Paytm CEO meets FM to discuss the RBI Ban on its Payments bank business.

Outlook for 7/2/2024- Nifty50 remained sideways to bullish throughout the day. No serious momentum was seen and therefore the option sellers made a lot of money in option decay. Resistance level of 21950 remains very strong as discussed. Any move above it would mean the premium booming. Important support level remains at 21730.

Note- This is purely Educational and not Investment Advice.