Nifty 50 - Premarket Analysis Mar 06, '25

Slated for a positive start (+0.35%) this AM. The first good positive close since Feb 05 (a month earlier!) that takes out the last 2-day highs comfortably. This is probably a counter-trend bounce playing out over the next few trading sessions. On the charts, decent gap resistance comes in around 22,550 followed by 22,800, making it a buy-on-dips for short-term traders. Those with positional shorts should consider an exit should the markets penetrate the current trailing SL near 22,401.