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Vimal K

5th May · SEBI-Registered Analyst

Nifty Outlook for 06-MAY-2026

The overall trend of Nifty looks to be in a range, and thus the markets might move either side. Buy on dips and sell on rise would be the best strategy to deploy for today’s market considering the overall trend of Nifty. We may expect a change in trend only if the price sustains below the support level or above the resistance level. I have provided Nifty Spot resistance and support levels which would help you learn in taking informed trading decisions using these levels and understand how support and resistance levels work in financial markets. Nifty Spot Resistance 1 - 24150 Resistance 2 - 24220 Support 1 - 23945 Support 2 - 23895 Happy Learning, Happy Trading and have a wonderful day 😊 Top Gainers :

M&M
ULTRACEMCO
HINDALCO
Top Losers :
ICICIBANK
COALINDIA
JIOFIN

#MacroViews#Pre-OpeningCommentary#TechnicalViews#IndexStrategies#WatchOutFor
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