Nifty is set to open with a gap-up near the 24,950 level, placing it close to a key resistance zone. If the index sustains above 24,950–25,000, it can trigger further upside momentum toward 25,050, 25,150, and 25,200+. A breakout above 25,250 will strengthen the bullish sentiment, potentially extending the move toward 25,300–25,350 levels.
On the downside, immediate support lies around 24,850–24,800, and a failure to hold these levels may lead to profit booking. A break below 24,750 could invite selling pressure, dragging the index toward 24,700 and 24,650-.
Overall, with a gap-up opening near resistance, today’s session is likely to remain volatile. Sustaining above 24,950 will favor bulls, while rejection from this level may bring quick reversals. Traders should focus on breakout confirmations with strict stop-losses.
On the downside, immediate support lies around 24,850–24,800, and a failure to hold these levels may lead to profit booking. A break below 24,750 could invite selling pressure, dragging the index toward 24,700 and 24,650-.
Overall, with a gap-up opening near resistance, today’s session is likely to remain volatile. Sustaining above 24,950 will favor bulls, while rejection from this level may bring quick reversals. Traders should focus on breakout confirmations with strict stop-losses.
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