📊 NIFTY | Watch This Narrow Range – Key Move Ahead!
Nifty has bounced back from the lower support near ₹24,950, and is now hovering around ₹25,090, attempting to break the upper boundary of the falling channel.. While broader momentum remains modest, key signals are pointing toward a mildly bullish bias in the short term.
Here’s What the Chart Says in 1Hr Time frame:
🔹 Immediate Resistance: ₹25,150–₹25,200 (Strong supply zone)
🔸 Breakout Zone: Above ₹25,200 (watch for volume confirmation)
🚀 Next Resistance If Breakout Happens: ₹25,550–₹25,600
🛡️ Immediate Support: ₹24,950 level
🛡️ Strong Support Zone: ₹24,600~24550
📉 Break below ₹24,800 can drag Nifty to ₹24,600 levels
📈 RSI has bounced back to ~51.73 — indicating early momentum build-up, but not yet overbought
🔹 major Sectors Leading the Move:
🔹Banks, Auto, Infra+Realty
🔹 Stocks to Watchout for short term:
