Nifty is expected to open with a gap-up today near the 25050–25100 zone. If the index sustains above this level after the opening, bullish momentum could follow with potential upside targets of 25150, 25200, and 25250+. This zone will act as the key intraday support-turned-demand area.
However, if Nifty struggles to hold above 25200–25250 and shows signs of reversal from this zone, we might witness selling pressure. A rejection from this region could lead to a pullback toward 25150, 25100, and 25050 levels.
On the downside, a breakdown below 24950 will signal further weakness. If that level is breached decisively, it can lead to sharp downside movements toward 24850, 24800, and even 24750. This would indicate a reversal of early bullish sentiment.
Today’s session could remain volatile around key levels. It’s advisable to watch price action around the 25050–25250 range for intraday confirmation before taking directional trades.
However, if Nifty struggles to hold above 25200–25250 and shows signs of reversal from this zone, we might witness selling pressure. A rejection from this region could lead to a pullback toward 25150, 25100, and 25050 levels.
On the downside, a breakdown below 24950 will signal further weakness. If that level is breached decisively, it can lead to sharp downside movements toward 24850, 24800, and even 24750. This would indicate a reversal of early bullish sentiment.
Today’s session could remain volatile around key levels. It’s advisable to watch price action around the 25050–25250 range for intraday confirmation before taking directional trades.
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📈 Trade Smarter with TradZoo!
🔗 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
🔗 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.