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On Friday, NIFTY opened on a negative note but found support near 24,400 and staged a sharp recovery. The index subsequently resumed forming higher tops and higher bottoms on the intraday charts and eventually closed above the 25,000 mark. During the Muhurat trading session, NIFTY tested 25,100 before witnessing some mild profit booking.
NIFTY continues to form higher tops and higher bottoms on the daily charts and has also breached its August 2026 high of 24,774. This indicates sustained bullish momentum. 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 | 25070 |
| High | 25131 |
| Low | 24985 |
| Close | 24986 |
| S 1 | 24937 |
| S 2 | 24887 |
| R 1 | 25083 |
| R 2 | 25181 |
| Action | SL | TGT |
|---|---|---|
| Buy above 25100 | 25000 | 25300 |
| Sell below 24875 | 24951 | 24725 |