Nifty is currently trading around the important resistance zone of 24,250, which has acted as a supply level in the past. This zone is critical, and the market’s reaction here can guide the next leg of the move.
What to Watch:
Price is testing this resistance after a strong upmove.
If 24,250 holds, we may see a pullback or even a short-term reversal.
If the price breaks and sustains above 24,250, it would confirm bullish strength, and we can expect the next upside target near 24,750.
🔍 Key Levels:
Resistance: 24,250 (current test zone)
Support (pullback zone): 24,050 – 23,850
Next Bullish Target (if breakout holds): 24,750
What I'm Watching:
Price action and rejection patterns near 24,250
Volume confirmation on breakout
Candle structure for signs of exhaustion or momentum
Keep an eye on this level — the next few candles could give us important clues.
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