Yesterday, NIFTY opened on a flat note and moved sideways within a narrow range of 25,500 – 25,450 for most of the session. However, buying interest emerged in the final hour, leading the index to breach the 25,500 mark and close above it.
The 25,550 – 25,600 zone continues to be a critical resistance area. A decisive breakout and sustained move above 25,600 will be crucial to revive bullish momentum and open the path toward the next short-term target.
On the downside, the 25,400 – 25,300 zone remains a key support. As long as this support holds, the underlying bullish structure remains intact. Traders may continue to hold existing long positions with a stop-loss below 25,300 to manage downside risk.
Open | 25427 |
High | 25548 |
Low | 25424 |
Close | 25522 |
S 1 | 25448 |
S 2 | 25374 |
R 1 | 25572 |
R 2 | 25622 |
Action | SL | TGT |
---|---|---|
Buy above 25575 | 25499 | 25725 |
Sell below 25374 | 25441 | 25250 |