#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.
📊 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.
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