On Monday, NIFTY opened on a negative note and fell below the 25,000 mark in early trade. However, the index found support near 24,850 and staged a smart recovery, eventually closing above the 25,000 mark.
NIFTY continues to trade above its August 2026 high of 24,774, with buying interest emerging on every decline. This indicates 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 24,600–24,500 zone will act as an important support area. Long positions should be maintained with a protective stop-loss below 24,500.
| Open | 25076 |
| High | 25084 |
| Low | 24838 |
| Close | 25044 |
| S 1 | 24894 |
| S 2 | 24743 |
| R 1 | 25139 |
| R 2 | 25234 |
| Action | SL | TGT |
|---|---|---|
| Buy above 25100 | 25000 | 25300 |
| Sell below 24850 | 24951 | 24650 |