Yesterday, NIFTY opened on a positive note and jumped above the 25,300 mark in early trade. The index almost tested 25,400 but failed to sustain at higher levels and witnessed profit booking. Consequently, it gave up its early gains and eventually closed just below 25,300.
Despite the intraday profit booking, there is no clear sign of a reversal on the charts. NIFTY continues to trade above its August 2026 high of 24,774, indicating sustained bullish momentum and strength in the ongoing uptrend. We maintain a bullish view on the index, with the next upside target at 25,550.
On the downside, the 24,900–24,800 zone will act as an important support area. Long positions should be maintained with a protective stop-loss below 24,800.
| Open | 25213 |
| High | 25384 |
| Low | 25142 |
| Close | 25299 |
| S 1 | 25166 |
| S 2 | 25033 |
| R 1 | 25408 |
| R 2 | 25517 |
| Action | SL | TGT |
|---|---|---|
| Buy above 25410 | 25324 | 25600 |
| Sell below 25025 | 25126 | 24825 |