Nifty Bullish Outlook
-Current Price: 24,905 (approx)
- Key Demand Zone: 24,620 – 24,660
- Key Supply Zone: 25,200 – 25,240
Technical View
- Strong Demand Bounce: Nifty reversed sharply from the demand zone (24,620–24,660),
indicating strong buying interest.
- Trend Breakout Potential: Price is approaching resistance near 24,920; a breakout could push
towards the supply zone at 25,220 (target).
- Momentum Structure: Higher lows formed after the demand zone test, showing bullish
strength.
News & Data Supporting Bullish Bias
- India’s Q1 GDP Growth: The latest estimates show strong economic growth, supporting equity
market sentiment.
- FIIs Turning Buyers: Foreign Institutional Investors (FIIs) have been net buyers over the past
few sessions, supporting index upside.
- Global Market Tone: US and Asian equities are stable, and crude oil prices are moderating,
supporting risk appetite.
- RBI Policy Outlook: Market expects no immediate rate hikes, keeping liquidity positive for
equities.
Expectation
If Nifty sustains above 24,900, we expect a bullish move towards 25,220 in the short term.
Stop-loss: Below 24,780 (to manage risk).
-Current Price: 24,905 (approx)
- Key Demand Zone: 24,620 – 24,660
- Key Supply Zone: 25,200 – 25,240
Technical View
- Strong Demand Bounce: Nifty reversed sharply from the demand zone (24,620–24,660),
indicating strong buying interest.
- Trend Breakout Potential: Price is approaching resistance near 24,920; a breakout could push
towards the supply zone at 25,220 (target).
- Momentum Structure: Higher lows formed after the demand zone test, showing bullish
strength.
News & Data Supporting Bullish Bias
- India’s Q1 GDP Growth: The latest estimates show strong economic growth, supporting equity
market sentiment.
- FIIs Turning Buyers: Foreign Institutional Investors (FIIs) have been net buyers over the past
few sessions, supporting index upside.
- Global Market Tone: US and Asian equities are stable, and crude oil prices are moderating,
supporting risk appetite.
- RBI Policy Outlook: Market expects no immediate rate hikes, keeping liquidity positive for
equities.
Expectation
If Nifty sustains above 24,900, we expect a bullish move towards 25,220 in the short term.
Stop-loss: Below 24,780 (to manage risk).
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.
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.