Nifty formed a Green candle in daily timeframe with upper and long lower shadow. Nifty is above short term EMA in daily timeframe (20,50,100). Though it supports Bullish sentiment, Nifty is nearing strong resistance around 25,000.
Nifty may attempt to fill the Gap created on 26th Aug.
Green Path: If Nifty breaks and sustains above 24,990, then Nifty may reach 25,110 - 25,140 - 25,180.
Red Path: If Nifty fails to break and sustain above 24,990, then Nifty may reach 24,840 - 24,755 - 24,600
Nifty may attempt to fill the Gap created on 26th Aug.
Green Path: If Nifty breaks and sustains above 24,990, then Nifty may reach 25,110 - 25,140 - 25,180.
Red Path: If Nifty fails to break and sustain above 24,990, then Nifty may reach 24,840 - 24,755 - 24,600
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