Nifty Price Prediction for 07 Nov 2024

The recent three-wave advance of the Nifty 50 raises the prospect of an ABC correction pattern, which could lead to a slight decline in the market from this point. Important levels of support on the downside are 24,180 and 24,000.


NIFTY 50 / 5 MIN

However, if the market breaks below the previous low and continues to fall, it may spark another impulsive move to the negative. In order to predict how the market will move tomorrow, traders need to keep a careful eye on these support levels.


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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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