Nifty Price Prediction for 28 Oct 2024

It is possible that the Nifty 50 may shortly start a new correction phase. Assuming the wave counts are right, Nifty may encounter a zigzag correction before returning its downward trend.

NIFTY 50 / 5 MIN

In this scenario, we anticipate substantial resistance from the 23% and 38% Fibonacci retracement levels. You should monitor the crucial resistance levels at 24,300, 24,400, and 24,500. In order to prepare for tomorrow's market developments, traders should keep a careful eye on these resistance areas.


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Disclaimer

This post is just for informative purposes and does not constitute financial advice. Trading and investing involve risk, and past performance does not guarantee future results. Before making an investing or trading choice, readers should undertake their own research and evaluate their own circumstances. The author and platform accept no responsibility for any financial losses or damages stemming from the use of this material. Receive personalized advice from a qualified financial advisor.

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