Yesterday’s sellers’ data played out perfectly today — after touching 26000, 
NIFTY closed below the day’s open. A classic shakeout.
Pivot has now climbed to 25899 despite a red candle, which clearly shows long buildup is still happening.
The plan is simple — go long on a dip, or go long above 25909 with a target of 26200.
But if 25834 breaks, then 25700 becomes the next support zone to accumulate fresh longs again.
Now here’s the interesting part — even with today’s low close and higher sellers’ volume, Nifty’s health has turned Green (top-right corner on the chart).
This is a very strong signal for the coming weeks.
Trend has clearly turned positive. Bulls are getting ready to roar.
As mentioned yesterday, pharma stocks continue to build strength for short term opportunities.
📊 Levels at a glance:
Pivot: 25899
Long above: 25909
Support: 25834 / 25700 (buy zone)
Upside target: 26200
Market Health: Green
Bias: Bullish with shakeout confirmation
Sector to watch:
CNXPHARMA
NIFTY closed below the day’s open. A classic shakeout.Pivot has now climbed to 25899 despite a red candle, which clearly shows long buildup is still happening.
The plan is simple — go long on a dip, or go long above 25909 with a target of 26200.
But if 25834 breaks, then 25700 becomes the next support zone to accumulate fresh longs again.
Now here’s the interesting part — even with today’s low close and higher sellers’ volume, Nifty’s health has turned Green (top-right corner on the chart).
This is a very strong signal for the coming weeks.
Trend has clearly turned positive. Bulls are getting ready to roar.
As mentioned yesterday, pharma stocks continue to build strength for short term opportunities.
📊 Levels at a glance:
Pivot: 25899
Long above: 25909
Support: 25834 / 25700 (buy zone)
Upside target: 26200
Market Health: Green
Bias: Bullish with shakeout confirmation
Sector to watch:
CNXPHARMA 
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TrendX INC
Penerbitan berkaitan
Penafian
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.