Nifty 50 - Premarket Analysis Feb 11, '25

Slated for a flat start this AM. A Make-Or-Break Day for the Nifty -> Prices are trading near a key support zone (23,250 - 23,400). A close below this support zone may conclude the recent pullback and set the stage for a new leg lower towards channel support near 21,500. On the other hand, if prices manage to hold this level, we might be setting-up for a potential trend change and a breakout past key resistance near 23,750-23,800. Interesting week ahead.