Nifty is also expected to open flat today, reflecting a similar consolidation pattern observed in recent sessions. The index continues to trade within a tight range, signaling indecisiveness among traders and lack of strong directional momentum.
Currently, Nifty is oscillating in a consolidation zone between 25550 resistance and 25450 support. A breakout above 25550 could trigger fresh long entries, with potential upside targets at 25600, 25650, and 25750+. Sustained strength above 25750 may open the way for extended bullish movement.
Conversely, a breakdown below the 25450 level may lead to short opportunities, with downside targets at 25350, 25300, and 25250-.
Until the index decisively breaks out of this range, sideways movement is likely to persist. Traders should wait for confirmation before taking aggressive directional positions.
Currently, Nifty is oscillating in a consolidation zone between 25550 resistance and 25450 support. A breakout above 25550 could trigger fresh long entries, with potential upside targets at 25600, 25650, and 25750+. Sustained strength above 25750 may open the way for extended bullish movement.
Conversely, a breakdown below the 25450 level may lead to short opportunities, with downside targets at 25350, 25300, and 25250-.
Until the index decisively breaks out of this range, sideways movement is likely to persist. Traders should wait for confirmation before taking aggressive directional positions.
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