#NIFTY Intraday Support and Resistance Levels - 05/08/2025

Nifty is expected to open flat near the 24,720–24,730 zone, showing signs of consolidation within a tight range. The price action remains stuck between the immediate resistance and support levels, and today’s move could be dictated by a breakout from this range.

On the upside, a breakout and sustained move above the 24,750 level may trigger a bullish rally toward 24,850, 24,900, and 24,950+ levels. This area has previously acted as resistance, and a clean breakout could lead to momentum-based buying.

On the downside, if Nifty fails to hold 24,700 and breaks below 24,750–24,700, a short opportunity may arise with potential targets at 24,600, 24,550, and 24,500- levels.

The range between 24,700–24,750 is the intraday decision zone. Traders should wait for confirmation and avoid premature entries. Use tight stop-losses and book partial profits near each level to manage risk effectively.