Nifty is opening with a gap-up near the 24700 level, placing it right at a key decision zone. If the index sustains above the 24750–24800 resistance band, it could trigger a bullish breakout with intraday upside targets of 24850, 24900, and 24950+.
However, if Nifty fails to hold this gap-up and slips back below 24700, it could quickly turn into a false breakout. A breakdown below 24700 may invite selling pressure with targets at 24650, 24600, and 24550.
Since the gap-up is near a resistance threshold, early volatility is expected. Wait for confirmation of direction with price-action and volume before taking any directional trade. Use strict stop-loss and consider partial booking around each target zone.
However, if Nifty fails to hold this gap-up and slips back below 24700, it could quickly turn into a false breakout. A breakdown below 24700 may invite selling pressure with targets at 24650, 24600, and 24550.
Since the gap-up is near a resistance threshold, early volatility is expected. Wait for confirmation of direction with price-action and volume before taking any directional trade. Use strict stop-loss and consider partial booking around each target zone.
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📣 Forex Telegram: t.me/tradzoofx
📲 Mobile App: tradzoo.com/download
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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.