Today, Nifty is expected to open with a gap down near the 25,000 level, indicating a weak start to the session. Over the past two trading days, the index has been consolidating within a tight range, showing indecisiveness among traders. This consolidation zone remains crucial, as a breakout or breakdown from this level will likely decide the next big move.
On the upside, if Nifty sustains above the 25,050–25,100 zone, we may witness a bullish momentum building up. In such a case, the index could move towards 25,150, 25,200, and even extend up to 25,250+. A strong breakout above 25,250 may further open the gates for 25,350 and higher levels, giving traders a clear long opportunity.
On the downside, weakness will emerge if Nifty breaks below the 24,950 mark. Such a move could trigger a selling wave, dragging the index towards 24,850, 24,800, and 24,750 levels. A sustained break below 24,750 may extend the bearish pressure, taking Nifty further down towards 24,700 and beyond.
On the upside, if Nifty sustains above the 25,050–25,100 zone, we may witness a bullish momentum building up. In such a case, the index could move towards 25,150, 25,200, and even extend up to 25,250+. A strong breakout above 25,250 may further open the gates for 25,350 and higher levels, giving traders a clear long opportunity.
On the downside, weakness will emerge if Nifty breaks below the 24,950 mark. Such a move could trigger a selling wave, dragging the index towards 24,850, 24,800, and 24,750 levels. A sustained break below 24,750 may extend the bearish pressure, taking Nifty further down towards 24,700 and beyond.
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