NIFTY View For 06/05/2026

Manas Jaiswal Research Analyst Image

Yesterday, NIFTY opened on a negative note and slipped below the 24,000 mark in early trade. It found support near the 23,900 level in the afternoon session and recovered from lower levels, eventually closing above 24,000.

NIFTY continues to consolidate within a narrow range of 24,400–23,800, and a breakout on either side is likely to determine the next directional move. Until then, the index is expected to remain range-bound.

Existing long positions can be maintained with a protective stop-loss below 23,800. Fresh long positions should be considered only on a decisive breakout above 24,400.

Nifty Imp Levels For 06/05/2026

Open 24052
High 24081
Low 23882
Close 24032
S 1 23916
S 2 23799
R 1 24115
R 2 24198

Actionable Ideas On Nifty for 06/05/2026

Action SL TGT
Buy above 24125 23074 24275
Sell below 23875 23951 23725
Show Timings
Manas Jaiswal Technical Research Group