Indian Stock Market Outlook Next Week (April 27-30): Sensex, Nifty Likely to Consolidate Amid Profit Booking
For the coming week, the 23550-23600 zone remains a crucial support area. A buy on dips strategy is preferred as long as this zone holds, with a strict stop loss below it. On the upside, 24,000-24,100 will act as a key resistance zone; a sustained breakout above this range could trigger a fresh rally towards 24,500, said Dr Ravi Singh.
For the coming week, the 23550-23600 zone remains a crucial support area. A buy on dips strategy is preferred as long as this zone holds, with a strict stop loss below it. On the upside, 24,000-24,100 will act as a key resistance zone; a sustained breakout above this range could trigger a fresh rally towards 24,500, said Dr Ravi Singh.
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