Nifty is likely to open with a gap up near the 25,550–25,600 zone, continuing the strong bullish momentum from the previous session. The index has broken out of its recent consolidation zone, indicating buyer strength and potential continuation toward higher levels.
If Nifty sustains above 25,600–25,650, we may witness a further rally toward 25,700, 25,750, and 25,850+ levels. A breakout above 25,750 will further strengthen the bullish trend, opening the path toward 25,900–25,950+.
On the downside, immediate support lies near 25,450–25,400. A drop below this zone could lead to a mild retracement toward 25,350, 25,300, and 25,250 levels.
Overall, the sentiment remains strongly bullish with a gap up opening, but traders should stay alert near upper resistance zones as short-term profit booking may occur. Maintaining a trailing stop loss and booking partial profits at key targets is advisable to safeguard gains.
If Nifty sustains above 25,600–25,650, we may witness a further rally toward 25,700, 25,750, and 25,850+ levels. A breakout above 25,750 will further strengthen the bullish trend, opening the path toward 25,900–25,950+.
On the downside, immediate support lies near 25,450–25,400. A drop below this zone could lead to a mild retracement toward 25,350, 25,300, and 25,250 levels.
Overall, the sentiment remains strongly bullish with a gap up opening, but traders should stay alert near upper resistance zones as short-term profit booking may occur. Maintaining a trailing stop loss and booking partial profits at key targets is advisable to safeguard gains.
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📣 Telegram: t.me/tradzooIndex
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📣 Forex Telegram: t.me/tradzoofx
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Related publications
Disclaimer
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