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Vimal K

7th May · SEBI-Registered Analyst

Nifty Outlook for 08-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 - 24525 Resistance 2 - 24570 Support 1 - 24160 Support 2 - 24120 Happy Learning, Happy Trading and have a wonderful day 😊 Top Gainers :

HDFCLIFE
BAJAJ-AUTO
M&M
Top Losers :
HINDUNILVR
TCS
TITAN

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