NSE:CNXFINANCE Index is 24500 resistance level and as long as Index is below this resistance level downside risk persists On the upside, any gap up or relief moment is expected to be ceased as long as crude is above USD 100 which is currently hovering above USD 115 per barrel. The upward movement may lead the Index to 24650 - 24700 resistance range and if the index crosses and sustains above this level then may reach near 24950 - 25000 range. On the contrary, The downward moment may drag the to 24150 – 24100 support range and if this support too is broken then index may tank near 23850 – 23800 range.
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