LTP 23352
Resistance: 23489
Immediate Supports: 23121/23034
Other supports: 22834/22755/22589 and the last support 21964.
Market is showing overbought signals. But I expect some sort of corrections for next move.
As long as 23000 holds support, more room on upside left.
Based on Previous analysis,
Nifty reached my 1st target of 23055. Further targets are 23500, 23800+.
https://in.tradingview.com/chart/NIFTY/MKhhaWUe-Nifty-22452-Analysis-12-Mar-2025/
As per my latest analysis, I expect to see some resistance around 23470-23555.
If that resistance hold, we can see minor correction before the next rally towards 24K.
NOTE: In bull markets wave 3, we cannot see bigger corrections, only a small correction, which will not give an opportunity for new buyers.
Upside targets:
23470-23550, 24100-24300
The following targets are based on analysis for short term. Bigger picture I'll post later.
Small targets: 23470, 23550, 23730, 23950, 24170, 24230, 24280 and 24450.
ALTERT:
Don't panic: If 21964 breaks, we can see 18,000 (as of now this is least probable).
If we get this level, it would be BEST INVESTEMENT ZONE for LONG TERM GAINS.
