For Nifty, the index is expected to open flat near the 25,420–25,450 zone. On the upside, sustaining above 25,250 and crossing 25,500 decisively will be crucial. A move above 25,500 can trigger strong bullish momentum, with targets placed at 25,650, 25,700, and 25,750+.
On the downside, the immediate support is seen around 25,250. A break below this may invite selling pressure, pulling the index lower toward 25,100, 25,000, and 24,950-. Additionally, if a reversal occurs from the 25,450–25,500 zone, then a short trade opportunity may open with targets at 24,350, 24,300, and 24,250-.
Overall, Nifty is likely to remain in a range-bound setup with a flat opening. A decisive breakout above 25,500 or a breakdown below 25,250 will dictate the next directional move. Traders should stay cautious near resistance zones and trail positions with strict stop-losses.
On the downside, the immediate support is seen around 25,250. A break below this may invite selling pressure, pulling the index lower toward 25,100, 25,000, and 24,950-. Additionally, if a reversal occurs from the 25,450–25,500 zone, then a short trade opportunity may open with targets at 24,350, 24,300, and 24,250-.
Overall, Nifty is likely to remain in a range-bound setup with a flat opening. A decisive breakout above 25,500 or a breakdown below 25,250 will dictate the next directional move. Traders should stay cautious near resistance zones and trail positions with strict stop-losses.
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📈 Trade Smarter with TradZoo!
📣 Telegram: t.me/tradzooIndex
📣 Forex Telegram: t.me/tradzoofx
📲 Mobile App: tradzoo.com/download
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🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📣 Forex Telegram: t.me/tradzoofx
📲 Mobile App: tradzoo.com/download
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🔗 Website: bit.ly/tradzoopage
Related publications
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.