Nifty is expected to open slightly gap-down after consistent bearish momentum in the previous sessions. The index is hovering near 25140, and immediate support lies around the 25200 level. A breakdown below this level could lead to further downside pressure, with key support targets at 25150, 25100, and 25050.
If the index breaks and sustains below 24950, it may trigger a deeper correction toward the next support levels at 24850, 24800, and 24750. These zones should be watched closely for potential reversals or continuation of bearish momentum.
On the upside, any recovery and sustained move above the 25250 level may lead to a pullback rally. In that scenario, immediate resistance levels to watch would be 25350, 25400, and 25450+.
Intraday structure remains weak unless Nifty reclaims the 25250+ zone with strength. Price action near the 25200–25050 support range will be crucial in deciding the direction of the day.
If the index breaks and sustains below 24950, it may trigger a deeper correction toward the next support levels at 24850, 24800, and 24750. These zones should be watched closely for potential reversals or continuation of bearish momentum.
On the upside, any recovery and sustained move above the 25250 level may lead to a pullback rally. In that scenario, immediate resistance levels to watch would be 25350, 25400, and 25450+.
Intraday structure remains weak unless Nifty reclaims the 25250+ zone with strength. Price action near the 25200–25050 support range will be crucial in deciding the direction of the day.
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📣 Telegram: t.me/tradzooIndex
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