Nifty is also expected to open flat today, reflecting a similar consolidation pattern observed in recent sessions. The index continues to trade within a tight range, signaling indecisiveness among traders and lack of strong directional momentum.
Currently, Nifty is oscillating in a consolidation zone between 25550 resistance and 25450 support. A breakout above 25550 could trigger fresh long entries, with potential upside targets at 25600, 25650, and 25750+. Sustained strength above 25750 may open the way for extended bullish movement.
Conversely, a breakdown below the 25450 level may lead to short opportunities, with downside targets at 25350, 25300, and 25250-.
Until the index decisively breaks out of this range, sideways movement is likely to persist. Traders should wait for confirmation before taking aggressive directional positions.
Currently, Nifty is oscillating in a consolidation zone between 25550 resistance and 25450 support. A breakout above 25550 could trigger fresh long entries, with potential upside targets at 25600, 25650, and 25750+. Sustained strength above 25750 may open the way for extended bullish movement.
Conversely, a breakdown below the 25450 level may lead to short opportunities, with downside targets at 25350, 25300, and 25250-.
Until the index decisively breaks out of this range, sideways movement is likely to persist. Traders should wait for confirmation before taking aggressive directional positions.
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🍎 iOS App: bit.ly/TradZoo-iOS-App
🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📲 Android App: bit.ly/TradZooApp
📲 Forex App:tradzoo.com/forex/download
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.