business π Nifty support slips amid Hormuz uncertainty
The NSE Nifty 50 closed down 0.46% to 24,471.70 on Tuesday, while the Sensex fell 0.49% to 78,154.25. Derivatives analyst Dhupesh Dhameja identified 24,385β24,350 as the critical support zone for August 12. A break below the 200-DEMA could push selling towards 24,250β24,200. Conversely, the 24,600-24,630 zone is noted as the immediate resistance hurdle for upward momentum. Traders are advised to closely monitor these key technical levels for potential market shifts. π