Our Services Are

On Friday, NIFTY opened on a negative note and slipped towards the 24,500 mark in early trade, where it found support and bounced back sharply. However, the index failed to sustain above the 24,600 level, witnessed profit booking at higher levels, and eventually closed just below 24,600.

NIFTY continues to consolidate near its recent highs, which is a constructive sign and keeps the broader trend bullish. A decisive breakout and sustained move above 24,700 could pave the way for the next short-term upside target of 25,000. We also continue to maintain our medium-term target of 26,300, supported by the confirmed triangular pattern breakout on the daily chart.

On the downside, the 24,450–24,300 zone will act as an important support area, where the 200-DEMA, 10-DEMA, and 20-DEMA are positioned. Long positions can be maintained with a protective stop-loss below 24,300.