Nifty is expected to open with a gap up near the 25,950 level, reflecting sustained bullish momentum and strong follow-through buying from previous sessions. The index is approaching a key resistance zone, and today’s price action will be crucial in determining whether it can extend the uptrend or witness short-term consolidation.
If Nifty sustains above 25,950–26,000, it may rally further toward 26,050, 26,150, and 26,250+ levels. A breakout above 26,450 will confirm continued strength, opening the path toward 26,600+ levels.
On the downside, immediate support lies near 25,750–25,700. A fall below this level could trigger mild profit booking, pulling the index toward 25,600 and 25,450 zones.
Overall, the sentiment remains bullish with a gap up opening near 25,950, but traders should monitor price action closely around the 26,000–26,050 zone for signs of breakout or reversal. Maintaining a trailing stop loss and booking partial profits near resistance levels is advisable to safeguard gains in volatile intraday movements.
If Nifty sustains above 25,950–26,000, it may rally further toward 26,050, 26,150, and 26,250+ levels. A breakout above 26,450 will confirm continued strength, opening the path toward 26,600+ levels.
On the downside, immediate support lies near 25,750–25,700. A fall below this level could trigger mild profit booking, pulling the index toward 25,600 and 25,450 zones.
Overall, the sentiment remains bullish with a gap up opening near 25,950, but traders should monitor price action closely around the 26,000–26,050 zone for signs of breakout or reversal. Maintaining a trailing stop loss and booking partial profits near resistance levels is advisable to safeguard gains in volatile intraday movements.
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📈 Trade Smarter with TradZoo!
📣 Telegram: t.me/tradzooIndex
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📲 Mobile App: tradzoo.com/download
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📣 Forex Telegram: t.me/tradzoofx
📲 Mobile App: tradzoo.com/download
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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.
