Nifty appears to be repeating price pattern of 7th April.Nifty appears to be repeating a similar price pattern witnessed on 7th April 2025, where the index responded positively to negative news — specifically the US tariff announcement. Despite adverse global cues, the index formed a bullish candle, indicating strong buying interest and possible short-covering activity.
This kind of bullish price action on negative news is typically seen as a sign of underlying market strength. If Nifty sustains above the key support zone of 24,500–24,600, it is likely to build further momentum and retest the recent swing high of 25,080 in the near term.
Key Levels to Watch
Support Zone: 24,500 – 24,600
Resistance Zone: 25,080 – 25,200
Breakout Trigger: Sustained move above 25,088 may open up further upside toward 25,500+
