Nifty is expected to open with a gap down near the 25,050 zone, which lies within the current consolidation range. On the upside, if the index sustains above 25,050–25,100, it can trigger buying momentum toward 25,150, 25,200, and 25,250+.
A breakout above 25,250 will further strengthen the bullish sentiment and open the path for higher levels. On the downside, immediate support is placed around 25,000–24,950, and a breakdown below this zone may invite fresh selling pressure, dragging the index lower toward 24,850, 24,800, and 24,750-.
Additionally, a reversal short near the 25,200–25,250 resistance band cannot be ruled out, which may push prices back toward the lower range. Overall, Nifty remains in a consolidation phase, and traders should wait for a clear breakout or breakdown before taking directional positions.
A breakout above 25,250 will further strengthen the bullish sentiment and open the path for higher levels. On the downside, immediate support is placed around 25,000–24,950, and a breakdown below this zone may invite fresh selling pressure, dragging the index lower toward 24,850, 24,800, and 24,750-.
Additionally, a reversal short near the 25,200–25,250 resistance band cannot be ruled out, which may push prices back toward the lower range. Overall, Nifty remains in a consolidation phase, and traders should wait for a clear breakout or breakdown before taking directional positions.
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