Nifty Range 22,560-22,790; Indian Hotels Breakout

Nifty opened near 22,600 yesterday, took support, dipped briefly below it and recovered. It then traded between 22,800 and 22,600 and ended near 22,665. RSI at 43.55 is below the midline but has stopped falling. GIFT Nifty is around 100 points higher. Resistance: 22,792-22,800 / 22,900 / 23,111. Expected range: 22,790-22,560. Support: 22,560-22,600 / 22,440. With the higher GIFT cue, 22,790 may be tested, and sustaining above 22,790-22,800 could extend the move to 22,900. A move below 22,560-22,600 could bring further downside.

(weekly) has moved above a multi-month horizontal resistance near 757 on a volume surge. It is trading around 782, with RSI at 65.84, and has recovered from the March low near 565. Support: 745-757, the breakout zone. Resistance: 795, then about 810, the 2025 highs. How the stock closes the week will be worth observing. A multi-month range breakout on rising volume carries more weight than a single-session move, and the first retest of the old resistance is worth observing. 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.