Nifty is likely to see a slightly gap-up opening today, with the index expected to start near the 24,950 mark. After recent declines, the price action around this level will be crucial in determining whether the market can stage a recovery or extend its weakness further.
On the upside, if Nifty sustains above 25,050–25,100, a bullish momentum could trigger a rally towards 25,150, 25,200, and 25,250+. A sustained move beyond 25,250 may further strengthen the sentiment and push the index higher into uncharted levels, favoring positional longs.
On the downside, if the index fails to sustain above 24,950 and shows weakness, a reversal short opportunity may open up around 24,950–24,900 zones. In such a case, immediate targets are seen at 24,850, 24,800, and 24,750. A breakdown below 24,700 would invite deeper selling pressure, exposing 24,600, 24,550, and 24,500 zones as the next critical supports.
Overall, the 24,950–25,050 zone remains the key intraday pivot range. Traders should stay cautious, as any false breakout or breakdown in this zone may trigger sharp reversals. Following strict stop losses and booking profits at crucial levels will be the best strategy in today’s session.
On the upside, if Nifty sustains above 25,050–25,100, a bullish momentum could trigger a rally towards 25,150, 25,200, and 25,250+. A sustained move beyond 25,250 may further strengthen the sentiment and push the index higher into uncharted levels, favoring positional longs.
On the downside, if the index fails to sustain above 24,950 and shows weakness, a reversal short opportunity may open up around 24,950–24,900 zones. In such a case, immediate targets are seen at 24,850, 24,800, and 24,750. A breakdown below 24,700 would invite deeper selling pressure, exposing 24,600, 24,550, and 24,500 zones as the next critical supports.
Overall, the 24,950–25,050 zone remains the key intraday pivot range. Traders should stay cautious, as any false breakout or breakdown in this zone may trigger sharp reversals. Following strict stop losses and booking profits at crucial levels will be the best strategy in today’s session.
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.