The Nifty 50 is consolidating in a tight range just below the key psychological resistance at 25,130. The price action has shown multiple attempts to breach this level, indicating selling pressure on rallies. However, strong buying support exists around ₹24,470.
Recent volume is moderate and slightly declining, indicating a lack of conviction on both sides.
Bias: Neutral-to-bullish as long as ₹24,468 holds.
Breakout Potential: Above ₹25,130 with volume may trigger a fresh rally.
Risk: Failure to hold ₹24,468 could result in a drop to ₹24,000.
Recent volume is moderate and slightly declining, indicating a lack of conviction on both sides.
Bias: Neutral-to-bullish as long as ₹24,468 holds.
Breakout Potential: Above ₹25,130 with volume may trigger a fresh rally.
Risk: Failure to hold ₹24,468 could result in a drop to ₹24,000.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.