Nifty price prediction for tomorrow (15 Oct 2024)
Assuming the current upward trend in the Nifty 50 continues, it is possible that the index might hit the 25,400 level. However, the first resistance level to monitor would be 25,250. It seems based on the price movement that the market is now experiencing an impulsive upswing, which might lead to short-term positive momentum.
After this surge, the market can go into negative territory once again. A downward impulse, indicating a major drop, may emerge following the end of the correction over the longer time frame. This suggests that the overall downward trend is likely to continue, potentially leading to a significant drop in prices.
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.
