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.
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.
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.