Nifty Key Levels This Week: Support at 23,300, Upside Seen Near 23,650

Nifty and Sensex: Levels to Watch

The Nifty 50 closed Monday, 2 November at 23,440.80, up from 23,053.10 on Friday, 30 October, a three-session winning run.

Levels analysts are watching

| Index | Support | Next upside | |---|---|---| | Nifty 50 | 23,300 / 23,200 | ~23,650 | | Sensex | 75,300 / 75,000 | — |

How traders use these levels

• Support: a level where buyers have stepped in before. A clean close below it often brings more selling.
• Target: a level where sellers may appear. Many traders book partial profits as price approaches it.

The big swing factor

The rally has leaned on falling crude oil. Any reversal in oil, or news from the US midterm elections on 3 November, could test these levels quickly.

Educational content, not investment advice. Practise trading these levels with virtual money in Trading Titans.