Nifty 50 Index

Nifty Outlook for today

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Nifty is expected to open with a gap down, as indicated by the weakness in Gift Nifty.
Key Levels to Watch:
Support: 24,240
Next Support Zone: 24,190–24,160
If Nifty fails to hold 24,240, selling pressure may intensify, dragging the index towards the 24,190–24,160 zone. A decisive break below this support could lead to further downside.
On the upside, if Nifty reclaims the 24,280–24,300 zone and sustains above it, the recovery may extend towards 24,360–24,390.
Trading Strategy: The preferred strategy for today is "Sell on Rise" unless Nifty sustains above 24,300 with strong buying momentum.
Disclaimer: This analysis is for educational purposes only. Please manage your risk and trade according to your own strategy.

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