Nifty is expected to open slightly gap-up, suggesting a positive but cautious start to the session. On the upside, a sustained move above 24,550–24,600 may trigger further momentum toward 24,650, 24,700, and 24,750+.
On the downside, weakness could develop if the index trades below 24,500–24,450, which may lead to declines toward 24,350, 24,300, and 24,250-. A breakdown below 24,200 could further extend the fall toward 24,150, 24,050, and 24,000-. The 24,500 zone will act as a pivot, and traders should watch for price action confirmation before entering positions, keeping strict stop-losses in place and booking profits at targets.
On the downside, weakness could develop if the index trades below 24,500–24,450, which may lead to declines toward 24,350, 24,300, and 24,250-. A breakdown below 24,200 could further extend the fall toward 24,150, 24,050, and 24,000-. The 24,500 zone will act as a pivot, and traders should watch for price action confirmation before entering positions, keeping strict stop-losses in place and booking profits at targets.
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📈 Trade Smarter with TradZoo!
📣 Telegram: t.me/tradzooIndex
📣 Forex Telegram: t.me/tradzoofx
📲 Mobile App: tradzoo.com/download
📲 Forex App:tradzoo.com/forex/download
🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📣 Forex Telegram: t.me/tradzoofx
📲 Mobile App: tradzoo.com/download
📲 Forex App:tradzoo.com/forex/download
🔗 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.