Nifty is expected to see a gap up opening near the 24,900 zone, reflecting positive sentiment in the early trade. The index continues to move within a consolidation range, and today’s levels will play a crucial role in defining intraday momentum.
On the upside, if Nifty sustains in the 24,700–24,750 range, buying interest may build up, with upside targets at 24,850, 24,900, and 24,950+. A strong breakout above the 25,050 mark will further strengthen the bullish momentum, potentially opening room for higher levels around 25,150, 25,200, and even 25,250+.
On the downside, caution is advised if Nifty slips below 24,700. In that case, a short opportunity could emerge with downside targets at 24,650, 24,600, and 24,500. Further weakness below these levels may lead to deeper correction.
Currently, Nifty is in a consolidation zone, and traders should remain patient for a clear breakout or breakdown. Directional trades can be initiated only after price sustains above 25,050 for a bullish trend or below 24,700 for a bearish move. Maintaining strict stop-loss levels will be important to manage risk effectively.
On the upside, if Nifty sustains in the 24,700–24,750 range, buying interest may build up, with upside targets at 24,850, 24,900, and 24,950+. A strong breakout above the 25,050 mark will further strengthen the bullish momentum, potentially opening room for higher levels around 25,150, 25,200, and even 25,250+.
On the downside, caution is advised if Nifty slips below 24,700. In that case, a short opportunity could emerge with downside targets at 24,650, 24,600, and 24,500. Further weakness below these levels may lead to deeper correction.
Currently, Nifty is in a consolidation zone, and traders should remain patient for a clear breakout or breakdown. Directional trades can be initiated only after price sustains above 25,050 for a bullish trend or below 24,700 for a bearish move. Maintaining strict stop-loss levels will be important to manage risk effectively.
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