Nifty is expected to open slightly gap-down around the 22,650–22,700 zone, with the index currently near 22,719, indicating a cautious but improving short-term structure following the recent recovery from the 22,400–22,450 support region. The chart shows that buyers have gradually regained control at lower levels, pushing the index above the important 22,550 support level and extending the recovery toward the 22,700–22,750 resistance zone. However, Nifty continues to trade below the crucial 22,750 resistance, where selling pressure and profit booking may emerge. The recent formation of higher lows suggests improving buying interest, but the broader short-term trend requires a confirmed breakout above resistance to establish stronger bullish momentum. If Nifty manages to reclaim and sustain above 22,750, buying momentum could strengthen, opening upside targets around 22,850, 22,900 and 22,950+. A decisive breakout above 22,750 would improve the recovery structure, while 22,950 remains the next major upside resistance.
On the downside, if Nifty fails to sustain above 22,700–22,750 and faces rejection from this resistance zone, selling pressure could return, pushing the index toward 22,650, 22,600 and 22,550. The 22,550 level remains an important immediate support, where buying interest or a temporary recovery may develop. If Nifty manages to defend the 22,550–22,600 support region, another recovery attempt toward 22,650, 22,700 and 22,750 could emerge. However, a decisive breakdown below 22,450 could trigger further weakness toward 22,350, 22,300 and 22,250. With a slightly gap-down opening expected near 22,650–22,700, Nifty may initially remain range-bound between 22,550 and 22,750, offering opportunities for disciplined range-based trading if support and resistance continue to hold. Traders should closely monitor whether 22,750 is breached on the upside or 22,550 breaks on the downside, as these levels are likely to determine the next significant intraday movement.
On the downside, if Nifty fails to sustain above 22,700–22,750 and faces rejection from this resistance zone, selling pressure could return, pushing the index toward 22,650, 22,600 and 22,550. The 22,550 level remains an important immediate support, where buying interest or a temporary recovery may develop. If Nifty manages to defend the 22,550–22,600 support region, another recovery attempt toward 22,650, 22,700 and 22,750 could emerge. However, a decisive breakdown below 22,450 could trigger further weakness toward 22,350, 22,300 and 22,250. With a slightly gap-down opening expected near 22,650–22,700, Nifty may initially remain range-bound between 22,550 and 22,750, offering opportunities for disciplined range-based trading if support and resistance continue to hold. Traders should closely monitor whether 22,750 is breached on the upside or 22,550 breaks on the downside, as these levels are likely to determine the next significant intraday movement.
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🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📣 Forex Telegram: t.me/tradzoofx
📲 Mobile App: tradzoo.com/download
📲 Forex App:tradzoo.com/forex/download
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Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.