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Vimal K

6th May · SEBI-Registered Analyst

Nifty Outlook for 07-May-2026

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 - 24520 Resistance 2 - 24580 Support 1 - 24215 Support 2 - 24180 Happy Learning, Happy Trading and have a wonderful day 😊 Top Gainers :

INDIGO
TMPV
SHRIRAMFIN
Top Losers :
ONGC
RELIANCE
POWERGRID

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