NIFTY Next 50 ETF Analysis🔥 NIFTY Next 50 ETF Analysis: Potential Move on the Daily & 4H Chart 📊
NIFTY Next 50 ETF is currently trading at **₹63**, with a recent daily range of **₹61 - ₹68**. Based on technical analysis, we may see a slight pullback before a potential move upward. Let’s dive into the key levels and insights.
📈 Current Price:** ₹63**
Potential Move:** Small dip before an upward push 🚀
🔑 Key Levels to Watch:
🔹 **Support Zone:** ₹61 - ₹62
🔹 **Resistance Zone:** ₹66 - ₹68
📊 Technical Insights:
🔸 **RSI Neutral:** No extreme overbought or oversold levels.
🔸 **MACD Crossover:** Possible bullish signal developing.
🔸 **Short-term Correction:** A slight dip before upside continuation.
NIFTY Next 50 ETF is consolidating near a strong support zone, indicating a possible higher low formation before an upward breakout.
**Bearish View:** If price breaks below ₹61, we could see further downside toward ₹60.
**Bullish View:** A bounce from ₹62-₹63 can push the price toward ₹66-₹68 in the coming days.
⚠️ **Note:** If the price fails to hold ₹61, further decline may be expected. ⚠️
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⏰ **Analysis Time:** NIFTY Next 50 ETF Daily & 4H chart perspective.
⚖️ **Always set a Stop Loss** to manage your risk! 🚨
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