For Nifty, the index is expected to open on a strong note near the 25,450 level, indicating a clear gap-up start. A sustained move above the key zone of 25,250 will keep the momentum positive and may drive the index higher toward 25,350, 25,400, and 25,450+. If it manages to cross and hold above the 25,500 mark, further upside extensions toward 25,650–25,750+ are likely, strengthening the bullish sentiment.
On the downside, immediate support is placed around 25,200–25,150. A break below this range could trigger selling pressure, dragging the index back toward 25,100 and 25,000-. This zone will act as a crucial short-term support to watch out for.
Overall, with a gap-up opening near 25,450, the sentiment remains bullish. However, profit booking around resistance levels cannot be ruled out. Traders should ride the momentum with strict stop-losses while trailing profits as the index approaches higher targets.
On the downside, immediate support is placed around 25,200–25,150. A break below this range could trigger selling pressure, dragging the index back toward 25,100 and 25,000-. This zone will act as a crucial short-term support to watch out for.
Overall, with a gap-up opening near 25,450, the sentiment remains bullish. However, profit booking around resistance levels cannot be ruled out. Traders should ride the momentum with strict stop-losses while trailing profits as the index approaches higher targets.
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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.