1. Nifty Mid SelectCurrent Level: 14,040 Key Pivot / Threshold: 14,900 Technical Bias & Strategy:Hold Short (Below 14,900): The index is currently trading significantly below the crucial 14,900 threshold. From a trend-following perspective, 14,900 acts as a formidable overhead resistance level. As long as prices remain constrained beneath this barrier, the structural bias remains bearish or consolidative on the downside, favoring short positions. Conditional Long (Above 14,900): A decisive breakout and sustained move above 14,900 would invalidate the current short thesis. Such a break would signal a shift in market momentum, turning the resistance into support and triggering a conditional switch to long-only strategies. 2. Nifty JR (Nifty Next 50)Current Level: 71,381 Key Pivot / Threshold: 72,500 Technical Bias & Strategy:Hold Short (Below 72,500): The index is positioned at 71,381, staying underneath the critical 72,500 marker. This level serves as the near-term ceiling or resistance zone. Momentum favors maintaining short positions while price action stays suppressed below this line. F&O top gainer was :

ICICIGI

Conditional Long (Above 72,500): A structural trend reversal to the upside is contingent upon breaking past the 72,500 threshold. Crossing this barrier would indicate fresh buying interest and accumulation, prompting market participants to shift exclusively to long positions.

#IndexStrategies#Pre-OpeningCommentary#TechnicalViews

4 likes·3 comments