Our Services Are

Yesterday, NIFTY opened almost flat and traded in a narrow range during the first half of the session. However, buying interest emerged in the afternoon, helping the index breach the 24,300 mark and touch an intraday high of 24,342. NIFTY eventually closed above 24,300, indicating sustained buying momentum.

The index is now approaching a crucial resistance zone of 24,300–24,375, with the 200-DEMA placed near 24,375. A decisive breakout and sustained move above 24,375 would confirm renewed bullish strength and could trigger the next leg of the uptrend.

On the downside, the 24,100–24,050 zone is expected to provide strong support. As long as NIFTY sustains above this range, the broader positive outlook is likely to remain intact. Existing long positions can be maintained with a protective stop-loss below 24,050.