Ceasefire will pump Nifty till 24500As we all know, the market is highly sensitive and tends to react quickly to news events.
Currently, there is ongoing conflict between India and Pakistan, which has caused the markets to open with consistent gap-downs, followed by rangebound movement for the remainder of the trading session.
However, recent developments indicate that Pakistan has realized it cannot continue the conflict without risking severe consequences, including potential erasure from the global map. As a result, they are now showing readiness for a ceasefire.
Given the market's sensitive nature, we can expect a positive reaction to this news.
A strong gap-up opening is likely in the coming sessions.
Technically, the market has the potential to rally towards the 0.886 Fibonacci level, which corresponds to the 2400–2500 zone.
Traders should remain cautious but optimistic, and closely monitor key levels for confirmation of the trend.
#Nifty
