Nifty is expected to open slightly gap-down today, indicating a cautious start to the session. The immediate support lies around 24,550–24,500, which will be a key zone to watch. A sustained break below this zone could accelerate selling pressure, dragging the index toward 24,350, 24,300, and further down to 24,250-.
On the upside, if Nifty manages to hold above the 24,550–24,600 range, buying interest may emerge, pushing it toward 24,650, 24,700, and 24,750+. The overall sentiment remains neutral-to-cautious, and price action near 24,550 will likely dictate the intraday trend. Traders should focus on quick, well-timed trades with strict stop losses, as volatility around the key levels may lead to sudden reversals.
On the upside, if Nifty manages to hold above the 24,550–24,600 range, buying interest may emerge, pushing it toward 24,650, 24,700, and 24,750+. The overall sentiment remains neutral-to-cautious, and price action near 24,550 will likely dictate the intraday trend. Traders should focus on quick, well-timed trades with strict stop losses, as volatility around the key levels may lead to sudden reversals.
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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.