Nifty is expected to open flat today, with price trading near 25945–25950 and no major gap compared to yesterday’s close. The structure clearly shows consolidation just below the psychological 26000 level. The market is currently moving in a tight range, indicating indecision and reduced volatility in the opening phase.
The immediate resistance is placed around 26000–26050, with a major resistance zone near 26250. A strong breakout and sustained move above 26000 can trigger fresh bullish momentum. If Nifty gives a clean 15-minute candle close above 26000, long positions can be considered for targets around 26150, 26200, and 26250+. However, traders should wait for proper confirmation because false breakouts are common in flat openings.
On the downside, 25900 is acting as an important intraday support. If price breaks and sustains below 25900, selling pressure may increase. In that case, short positions can be considered for targets around 25850, 25800, and 25750. A breakdown below 25750 would further weaken the intraday structure and may extend the fall toward the 25650 zone.
Overall, with a flat opening and clear consolidation zone between 25900 and 26000, the market is likely to remain range-bound initially. Traders should focus on breakout levels instead of entering trades in the middle of the range. Proper stop loss and trailing strategy will be important until the index gives a decisive directional move.
The immediate resistance is placed around 26000–26050, with a major resistance zone near 26250. A strong breakout and sustained move above 26000 can trigger fresh bullish momentum. If Nifty gives a clean 15-minute candle close above 26000, long positions can be considered for targets around 26150, 26200, and 26250+. However, traders should wait for proper confirmation because false breakouts are common in flat openings.
On the downside, 25900 is acting as an important intraday support. If price breaks and sustains below 25900, selling pressure may increase. In that case, short positions can be considered for targets around 25850, 25800, and 25750. A breakdown below 25750 would further weaken the intraday structure and may extend the fall toward the 25650 zone.
Overall, with a flat opening and clear consolidation zone between 25900 and 26000, the market is likely to remain range-bound initially. Traders should focus on breakout levels instead of entering trades in the middle of the range. Proper stop loss and trailing strategy will be important until the index gives a decisive directional move.
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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.