Nifty is expected to open flat with no major change in the overall levels compared to the previous session. The index continues to hover near a crucial resistance zone around 25450–25500. A breakout above 25550 will indicate bullish strength and may lead to an upward move toward 25600, 25650, and even 25750+. This zone has been tested multiple times, and a decisive break can attract further buying.
On the downside, the support remains at 25450. A break below this level can invite selling pressure, with immediate targets at 25350, 25300, and 25250-. The market is clearly respecting this consolidation band, so any directional move will depend on a confirmed breakout or breakdown from these levels.
Traders should remain cautious and avoid early entries unless a clean move is seen beyond the 25550 or below the 25450 levels.
On the downside, the support remains at 25450. A break below this level can invite selling pressure, with immediate targets at 25350, 25300, and 25250-. The market is clearly respecting this consolidation band, so any directional move will depend on a confirmed breakout or breakdown from these levels.
Traders should remain cautious and avoid early entries unless a clean move is seen beyond the 25550 or below the 25450 levels.
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📈 Trade Smarter with TradZoo!
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🍎 iOS App: bit.ly/TradZoo-iOS-App
🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📲 Android App: bit.ly/TradZooApp
📲 Forex App:tradzoo.com/forex/download
🍎 iOS App: bit.ly/TradZoo-iOS-App
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.