Nifty can see BIG BREAKOUT after 28-weeks; charts hint at this target

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Nifty can see BIG BREAKOUT after 28-weeks; charts hint at this target - Business Standard

Quick Summary:

The NSE Nifty has been struggling below its weekly trend line resistance since October 25, 2024; a breakout can potentially trigger a 6 per cent rally on the index, suggests technical charts.

Chart shows the index could face interim resistance around 24,800, 24,980 and 25,200 levels.

The NSE Nifty 50 index surged over 1 per cent in intra-day deals on Friday to hit a high of 24,589 - its highest point in calendar year 2025.