Nifty 50 Index

#NIFTY Intraday Support and Resistance Levels - 28/08/2024

184
🔔 Nifty Update for Today:

📊 Expected Opening:

Opening Outlook: Flat

📈 Consolidation Zone:

Range: 25000 - 25050
Nifty is expected to open flat today, trading within a consolidation zone between 25000 and 25050.

📈 Potential Upside Movement:

Upside Target: 25250+
Condition: If Nifty starts trading and sustains above 25050
If Nifty breaks above 25050 and sustains that level, an upside rally could push the index towards 25250+ in today’s session.

📉 Downside Risk:

Condition: If Nifty starts trading below 25000
Any significant downside is likely only if Nifty starts trading below 25000.

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.