Bullish if the index sustains above the 25081-25090 range. A confirmed move above this pivot targets the 25131-25143 and 25153-25157 strong resistance levels, with potential final upside targets around 25206-25211. Then 25252/75/98
Conversely, a breakdown occurs if NIFTY sustains below 24046-24037, establishing a bearish bias. If the selling pressure continues below the 24971-24943 strong support zone, the trend may turn bearish, with the crucial "last hope" level for bulls being 24916. A closing price below 24916 would provide a strong additional confirmation of a downside trend.
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
Conversely, a breakdown occurs if NIFTY sustains below 24046-24037, establishing a bearish bias. If the selling pressure continues below the 24971-24943 strong support zone, the trend may turn bearish, with the crucial "last hope" level for bulls being 24916. A closing price below 24916 would provide a strong additional confirmation of a downside trend.
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.