Nifty is expected to open slightly gap-down today, indicating mild selling pressure at the start of the session as the index continues to trade near the lower end of its consolidation range. A slightly gap-down opening suggests that the market sentiment remains cautious, with sellers still showing strength around resistance zones. If the index slips below 25950 after opening, the short setup becomes active with downside targets of 25850, 25800, and 25750-. A breakdown below 25750 may further extend weakness, potentially dragging Nifty toward deeper support levels, especially if global cues remain negative.
On the upside, any recovery from lower levels will need to sustain above 26050 to activate the long setup, with upside targets of 26150, 26200, and 26250+. A stable move above this zone will indicate that buyers are attempting to reclaim control and push the index out of the consolidation zone. However, until a breakout above 26050 occurs, the momentum is likely to stay muted or choppy.
Overall, with a slightly gap-down opening expected, the early bias remains mildly negative. The first hour will be crucial in deciding whether Nifty extends its downward momentum or attempts a pullback from the lower support band. Traders should monitor the breakout and breakdown levels closely, as a decisive move beyond these zones will determine the intraday trend.
On the upside, any recovery from lower levels will need to sustain above 26050 to activate the long setup, with upside targets of 26150, 26200, and 26250+. A stable move above this zone will indicate that buyers are attempting to reclaim control and push the index out of the consolidation zone. However, until a breakout above 26050 occurs, the momentum is likely to stay muted or choppy.
Overall, with a slightly gap-down opening expected, the early bias remains mildly negative. The first hour will be crucial in deciding whether Nifty extends its downward momentum or attempts a pullback from the lower support band. Traders should monitor the breakout and breakdown levels closely, as a decisive move beyond these zones will determine the intraday trend.
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Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
