#NIFTY Intraday Support and Resistance Levels - 28/08/2024

🔔 Nifty Update for Today:

📊 Expected Opening:

Opening Outlook: Flat

📈 Consolidation Zone:

Range: 25000 - 25050
Nifty is expected to open flat today, trading within a consolidation zone between 25000 and 25050.

📈 Potential Upside Movement:

Upside Target: 25250+
Condition: If Nifty starts trading and sustains above 25050
If Nifty breaks above 25050 and sustains that level, an upside rally could push the index towards 25250+ in today’s session.

📉 Downside Risk:

Condition: If Nifty starts trading below 25000
Any significant downside is likely only if Nifty starts trading below 25000.