GIFT NIFTY UP 150 POINTS — WHAT TO EXPECT TOMORROW?

GIFT NIFTY indicating a gain of around 150 points signals a potentially positive opening for the Indian stock market on Friday. However, the key question is whether the bulls can sustain the momentum throughout the session or whether higher levels will attract fresh profit booking. After recent selling pressure, traders should closely monitor Nifty's price action around the opening range to determine whether buying interest is strong enough to support a meaningful recovery. The 22,800–22,900 zone could act as an immediate hurdle, while 23,000 remains an important psychological resistance level. On the downside, 22,600 is a crucial support to watch. A sustained move above resistance, supported by strong market breadth and buying across major sectors, could improve sentiment. Conversely, if Nifty fails to hold its opening gains, a gap-up reversal and renewed selling pressure cannot be ruled out. Since this is the last trading session of the week, traders should also remain cautious about profit booking and weekend risk. Our view is cautiously optimistic for the opening, but a sustained bullish reversal will require confirmation from price action and market participation. Avoid chasing the gap-up blindly and focus on disciplined risk management.