Yesterday, NIFTY opened on a positive note above the 25,300 mark and tested 25,400 in early trade. However, the index witnessed profit booking at higher levels and slipped to revisit 25,100 before eventually recovering and closing just above 25,250.
Despite the intraday profit booking, there is no clear sign of a reversal on the charts. NIFTY continues to trade above its August 2026 high of 24,774, indicating sustained bullish momentum and strength in the ongoing uptrend. We maintain a bullish view on the index, with the next upside target at 25,550.
On the downside, the 24,900–24,800 zone will act as an important support area. Long positions should be maintained with a protective stop-loss below 24,800.
| Open | 25337 |
| High | 25424 |
| Low | 25095 |
| Close | 25255 |
| S 1 | 25092 |
| S 2 | 24929 |
| R 1 | 25421 |
| R 2 | 25587 |
| Action | SL | TGT |
|---|---|---|
| Buy above 25425 | 25324 | 25625 |
| Sell below 25075 | 25176 | 24875 |