Nifty is expected to open flat near the 24700 mark, continuing its sideways trend from previous sessions. The index is currently hovering just below the key resistance zone of 24750–24800. A breakout above this level can trigger bullish momentum with upside targets of 24850, 24900, and 24950+. Sustained strength may push the index further toward the 25000–25050 area.
However, if Nifty fails to hold and breaks below 24700, it could lead to bearish pressure. A confirmed breakdown may open downside targets of 24650, 24600, and 24550. Further decline could test the next major support at 24500–24450 levels.
As the market remains range-bound, traders are advised to wait for breakout confirmation with strict stop-loss. Watch for volume and momentum near breakout zones to avoid false signals.
However, if Nifty fails to hold and breaks below 24700, it could lead to bearish pressure. A confirmed breakdown may open downside targets of 24650, 24600, and 24550. Further decline could test the next major support at 24500–24450 levels.
As the market remains range-bound, traders are advised to wait for breakout confirmation with strict stop-loss. Watch for volume and momentum near breakout zones to avoid false signals.
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📣 Telegram: t.me/tradzooIndex
📣 Forex Telegram: t.me/tradzoofx
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.