Nifty may give a sharp move tomorrow. Market breadth now strong.

So like we discussed yesterday – NIFTY mostly stayed in range today. Selling came in from 25000 levels, exactly as mentioned in the commentary (Sell-on-Rise).

Everything went as planned, so the trading environment is fine for me.

Now, looking at tomorrow:

Today buyers were stronger by 15 million compared to sellers. Nifty pivot has shifted to 24961 and pivot percentile is 0.03. Resistance is at 25022.

According to calculation, if Nifty manages to hold above resistance for even 15 minutes, we could see a sharp move towards 25150.

Intraday support will stay around 24950.

My view for tomorrow stays bullish.

Paper stocks should be on radar. CNXIT also looks good.

That’s it for today. Take care, and trade safe tomorrow.