NIFTY Index has resistance near 25100 – 25150 range and if index crosses and sustains above this level then may reach near 25350 – 25400 range.
Nifty has immediate support near 24800 – 24750 range and if this support is broken then index may tank near 24600 – 24550 range.
Profit booking expected before implementation date (27th August 2025, Market closed) of additional 25% tariff if no positive news surfaces.
Trade closed: target reached
Gap down opening with high near 24920 and further tank to low near 24690 and closed near 24710 due to confirmation of imposition of additional 25% import duty by US on imports from India.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
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.