#NIFTY Intraday Support and Resistance Levels - 27/04/2026Nifty is expected to open with a gap up near the 23950–24000 zone, indicating a possible short-term pullback after the recent sharp decline. However, the overall structure still looks weak as the index is trading below key resistance levels around 24150–24250. If Nifty fails to reclaim 24150, selling pressure may continue and any bounce can be used as a selling opportunity. A rejection near 24150–24200 can again push the index towards 24000 and below.
On the downside, if Nifty breaks below 23950, it can trigger fresh bearish momentum with targets of 23850, 23800, and 23750 levels. On the upside, only a strong recovery and sustain above 24250 can shift the momentum towards bullish, opening targets of 24350, 24400, and 24450+. Until then, the bias remains sell on rise, and traders should focus on short setups with proper confirmation while maintaining strict stop loss and trailing profit approach.
