NIFTY Analysis 4 AUGUEST, 2025 ,Morning update at 9 am

However, Nifty is in an oversold zone, so a small pullback or sideways action is likely.

Opening Expectation:
Likely to open flat or slightly positive near 24600.

Expected to consolidate or move sideways early in the day.

Bullish Scenario:
If a bb pattern forms around 24600 on the 5-min chart expect an upward move.

Potential targets: 24662 and 24702.

Bearish Scenario:
If Nifty fails to hold 24604 likely to drop:

First target: 24554

Further downside: 24499
Key Support & Resistance Levels (Unique & Precise):
Type Levels
Support 24,499 , 24421 ,24354
Resistance 24606 , 24660 , 24702