Nifty is likely to open with a gap-up around the 25,100 level, continuing its strong upward momentum from the previous sessions. The index has shown consistent higher lows, indicating strong buying interest and a positive undertone in the market.
If Nifty sustains above 25,050–25,100, it can extend the rally toward 25,150, 25,200, and 25,250+. A breakout above 25,250 will further strengthen the bullish trend, potentially leading to higher targets near 25,350–25,450+.
On the downside, immediate support is placed at 24,950–24,900. A breakdown below this zone may invite mild profit booking, taking the index lower toward 24,850 and 24,750-.
Overall, the sentiment remains bullish with a gap-up opening, and traders should look for buying opportunities on dips while maintaining a strict stop-loss below 24,900 for intraday setups.
If Nifty sustains above 25,050–25,100, it can extend the rally toward 25,150, 25,200, and 25,250+. A breakout above 25,250 will further strengthen the bullish trend, potentially leading to higher targets near 25,350–25,450+.
On the downside, immediate support is placed at 24,950–24,900. A breakdown below this zone may invite mild profit booking, taking the index lower toward 24,850 and 24,750-.
Overall, the sentiment remains bullish with a gap-up opening, and traders should look for buying opportunities on dips while maintaining a strict stop-loss below 24,900 for intraday setups.
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