03.07.25
Yesterday, NIFTY opened on a positive note but failed to breach the 25,600 mark. It faced selling pressure through the session, with profit booking intensifying once the index slipped below 25,500. NIFTY tested the 25,400 level and eventually settled just above 25,450.
The index now finds support near its 10-day Exponential Moving Average (10DEMA), positioned around 25,300. As long as this level holds, the broader trend remains intact, and long positions may be maintained with a stop-loss below 25,300.
On the upside, the zone of 25,550 – 25,600 continues to act as a key resistance. A decisive breakout and sustained move above 25,600 would be essential to trigger fresh buying momentum.
Open | 25588 |
High | 25608 |
Low | 25378 |
Close | 25453 |
S 1 | 25352 |
S 2 | 25250 |
R 1 | 25581 |
R 2 | 25709 |
Action | SL | TGT |
---|---|---|
Buy above 25610 | 25524 | 25750 |
Sell below 25350 | 25426 | 25200 |