Nifty is expected to open slightly gap up near the 25,050 zone after yesterday’s mild correction. The index is currently trading within a consolidation range between 24,950 and 25,100, indicating indecision among traders ahead of a possible breakout.
If Nifty sustains above 25,050–25,100 after opening, it may trigger a bullish move toward 25,150, 25,200, and 25,250+. A breakout above 25,250 will likely extend the uptrend toward 25,350–25,450+ levels.
However, if the index slips below 24,950, it could invite short-term selling pressure, dragging prices toward 24,850, 24,800, and 24,750-.
Overall, the bias remains neutral to positive with a slight gap-up opening. Traders should focus on the breakout from the current consolidation zone for directional clarity, maintaining strict stop-loss levels for intraday trades.
If Nifty sustains above 25,050–25,100 after opening, it may trigger a bullish move toward 25,150, 25,200, and 25,250+. A breakout above 25,250 will likely extend the uptrend toward 25,350–25,450+ levels.
However, if the index slips below 24,950, it could invite short-term selling pressure, dragging prices toward 24,850, 24,800, and 24,750-.
Overall, the bias remains neutral to positive with a slight gap-up opening. Traders should focus on the breakout from the current consolidation zone for directional clarity, maintaining strict stop-loss levels for intraday trades.
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📈 Trade Smarter with TradZoo!
📣 Telegram: t.me/tradzooIndex
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📣 Telegram: t.me/tradzooIndex
📣 Forex Telegram: t.me/tradzoofx
📲 Mobile App: tradzoo.com/download
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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.