Nifty Pre-Open: HH-HL Shift Intact, Should Defend 24,080

Nifty came close to the flagged 24,407 objective, tagging a session high of 24,378 before correcting toward the 24,287 support — a textbook retest of the breakout zone. RSI has eased to 42.60 on this pullback, unwinding momentum without breaking structure. The bigger development is structural: the prior lower-highs/lower-lows pattern has now shifted to higher-highs/higher-lows, a classic sign the trend is turning in favour of bulls. Resistance: 24,225–24,300 cluster, then 24,407 and 24,480. Support: 24,151 immediate, 24,080 must hold on a daily closing basis to preserve the bullish structure, with 24,010 (rising window) as the critical floor. A sustained hold above 24,225–24,300 keeps the HH-HL structure intact and opens 24,407, then 24,480. A daily close below 24,080 would signal the structure has failed, reopening 24,010 and shifting bias back to cautious.

has achieved its triangle-breakout objective near 1420 and is now advancing toward 1500, a long-term trendline resistance, with volume buildup adding conviction to the move. A shift from lower-highs/lower-lows to higher-highs/higher-lows is one of the clearest early signals of a trend reversal - far more reliable than any single day's price move. Disclaimer: This is for educational purposes only and is not investment advice. Please consult your financial advisor before making any investment decisions. SEBI Registered Research Analyst — INH000025212