The Nifty 50, a stock market index in India, closed higher on Tuesday, July 9th, 2024 forming a long bull candle on the daily chart. This signals a potentially bullish trend for the market.
Breakout: Nifty overcoming the resistance level of 24,400 indicates increased buying pressure and bullish sentiment among investors.
Confirmation: It’s important to see if Nifty can sustain this level in the coming days. A sustained rise above 24,400 would further solidify the bullish trend.
