Nifty is expected to open with a gap-up today, continuing its sideways movement within a tight range. There are no significant changes in key levels from the previous session, indicating a consolidative phase in the market. Price action near these levels will be crucial for intraday direction.
On the upside, a bullish continuation can be expected if Nifty sustains above 25,050–25,100. This zone has been acting as a breakout point, and a sustained move above can lead to an intraday rally toward 25,150, 25,200, and 25,250+. Further strength will be confirmed if Nifty crosses 25,250, opening the possibility to test 25,350, 25,400, and even 25,450+ levels.
On the downside, if Nifty breaks below 24,950, it may trigger a short setup with potential downside targets of 24,850, 24,800, and 24,750-. This breakdown would indicate weakness, especially if it comes with volume.
On the upside, a bullish continuation can be expected if Nifty sustains above 25,050–25,100. This zone has been acting as a breakout point, and a sustained move above can lead to an intraday rally toward 25,150, 25,200, and 25,250+. Further strength will be confirmed if Nifty crosses 25,250, opening the possibility to test 25,350, 25,400, and even 25,450+ levels.
On the downside, if Nifty breaks below 24,950, it may trigger a short setup with potential downside targets of 24,850, 24,800, and 24,750-. This breakdown would indicate weakness, especially if it comes with volume.
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