Nifty is expected to open on a flat note near the 24,900 zone, showing signs of consolidation. On the upside, a move above 25,050–25,100 will be crucial for bulls to regain strength, which can open the path toward 25,150, 25,200, and 25,250+. Sustaining above these levels may extend the rally further. On the downside, immediate support lies at 24,950, and a breakdown below 24,900 could trigger selling pressure, dragging Nifty lower toward 24,850, 24,800, and 24,750-.
Overall, the index is currently trading in a consolidation zone, where both upside and downside moves are possible. Traders should closely monitor the breakout and breakdown levels for directional confirmation. With a flat opening expected, it’s important to follow strict stop-loss rules and trail profits as targets are achieved.
Overall, the index is currently trading in a consolidation zone, where both upside and downside moves are possible. Traders should closely monitor the breakout and breakdown levels for directional confirmation. With a flat opening expected, it’s important to follow strict stop-loss rules and trail profits as targets are achieved.
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