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Vimal K

7th May 2025 · SEBI-Registered Analyst

Nifty Outlook for 07-May-2025

Good Morning, The overall trend of Nifty looks strong, and the buyers are in control over the markets. Buy on dips 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. Can Initiate selling only if prices continue to sustain below the support 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 - 24465 Resistance 2 - 24485 Support 1 - 24270 Support 2 - 24240 Happy Learning, Happy Trading and have a wonderful day 😊 Top Gainers :

HEROMOTOCO
BHARTIARTL
HINDUNILVR
Top Losers :
ADANIENT
JIOFIN
ETERNAL

#WatchOutFor#Today’sTradingSetup#IndexStrategies#TechnicalViews#Pre-OpeningCommentary
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