Nifty is expected to open with a gap down opening below 22750, which is a crucial support zone, indicating strong bearish sentiment and continuation of the downtrend. This kind of opening usually reflects aggressive overnight selling and weak market structure, so the probability of further downside remains high unless a strong recovery is seen. If the index sustains below 22750, it confirms breakdown continuation, where traders can look for short opportunities with targets 22650, 22600, and 22550. These levels can act as intraday support zones where partial profit booking is advisable.
If selling pressure continues and momentum increases, any pullback towards 22850–22950 can act as a sell-on-rise opportunity, as this zone will now behave as resistance after breakdown. A failure to reclaim this zone will keep bears in control throughout the session.
On the upside, a reversal is only possible if Nifty manages to recover and sustain above 23050–23100, which is a strong resistance and previous support zone. In that case, short covering can trigger a quick bounce towards 23150, 23200, and 23250+, but this should be treated as a counter-trend move unless the market sustains above it.
Overall view: Gap down opening below a key level suggests a clear breakdown scenario with bearish dominance, so avoid early buying and focus on confirmation-based trades. Expect high volatility, possible pullback traps, and sharp moves on both sides. Best approach is to trade with the trend, follow strict stop loss, and keep trailing SL with partial profit booking at each target.
If selling pressure continues and momentum increases, any pullback towards 22850–22950 can act as a sell-on-rise opportunity, as this zone will now behave as resistance after breakdown. A failure to reclaim this zone will keep bears in control throughout the session.
On the upside, a reversal is only possible if Nifty manages to recover and sustain above 23050–23100, which is a strong resistance and previous support zone. In that case, short covering can trigger a quick bounce towards 23150, 23200, and 23250+, but this should be treated as a counter-trend move unless the market sustains above it.
Overall view: Gap down opening below a key level suggests a clear breakdown scenario with bearish dominance, so avoid early buying and focus on confirmation-based trades. Expect high volatility, possible pullback traps, and sharp moves on both sides. Best approach is to trade with the trend, follow strict stop loss, and keep trailing SL with partial profit booking at each target.
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📈 Trade Smarter with TradZoo!
📣 Telegram: t.me/tradzooIndex
📣 Forex Telegram: t.me/tradzoofx
📲 Mobile App: tradzoo.com/download
📲 Forex App:tradzoo.com/forex/download
🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📣 Forex Telegram: t.me/tradzoofx
📲 Mobile App: tradzoo.com/download
📲 Forex App:tradzoo.com/forex/download
🔗 Website: bit.ly/tradzoopage
Related publications
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.