Nifty is expected to open flat today, indicating a neutral start as the index continues to move within a tight range after recent sideways sessions. A flat opening near the midpoint of the structure suggests that the market is waiting for a clear directional trigger before committing to a strong move. On the upside, if the index sustains above the 26250–26300 zone, the long setup becomes active with upside targets of 26350, 26400, and 26450+. A breakout above 26450 can further extend bullish momentum toward the next significant resistance at 26500 and potentially higher levels if the buying interest strengthens.
On the downside, immediate weakness will only be confirmed if Nifty breaks below the 26200 level, which activates the short setup with downside targets of 26150, 26050, and 26000-. A break below this zone would indicate a continuation of the selling pressure that has appeared near the top of the consolidation structure. If the index slips further toward the 26000 support band, lower levels may come into focus, especially if broader sentiment remains weak.
Overall, with a flat opening expected, the market may remain range-bound during the initial hour until a decisive breakout or breakdown occurs from the key levels. Traders should be cautious during the early session, as the market may show choppy movements before establishing a clear trend for the day.
On the downside, immediate weakness will only be confirmed if Nifty breaks below the 26200 level, which activates the short setup with downside targets of 26150, 26050, and 26000-. A break below this zone would indicate a continuation of the selling pressure that has appeared near the top of the consolidation structure. If the index slips further toward the 26000 support band, lower levels may come into focus, especially if broader sentiment remains weak.
Overall, with a flat opening expected, the market may remain range-bound during the initial hour until a decisive breakout or breakdown occurs from the key levels. Traders should be cautious during the early session, as the market may show choppy movements before establishing a clear trend for the day.
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📲 Forex App:tradzoo.com/forex/download
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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.
