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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