📊 Index Update – Intraday
Nifty (Spot):
For today’s expiry session, the critical level to monitor is 24,530. ✅ If this level holds, a short-covering rally may take the index towards 24,665 – 24,720, with extended targets of 24,800 – 24,850. ❌ A break below 24,530 could drag the index back down to 24,450 – 24,330.
For today’s expiry session, the critical level to monitor is 24,530. ✅ If this level holds, a short-covering rally may take the index towards 24,665 – 24,720, with extended targets of 24,800 – 24,850. ❌ A break below 24,530 could drag the index back down to 24,450 – 24,330.
Bank Nifty (Spot):
The key support level to track is 53,980. ✅ If sustained, expiry dynamics may trigger a bounce towards 54,350 – 54,500, with higher targets at 54,650 – 54,800. ❌ On the downside, a break below 53,980 could open room for declines towards 53,750 – 53,450.
The key support level to track is 53,980. ✅ If sustained, expiry dynamics may trigger a bounce towards 54,350 – 54,500, with higher targets at 54,650 – 54,800. ❌ On the downside, a break below 53,980 could open room for declines towards 53,750 – 53,450.
💡 Analyst’s Input:
Expiry days often witness volatile swings. Traders should remain cautious around the mentioned pivot levels and use strict stop losses to manage risks effectively.
Expiry days often witness volatile swings. Traders should remain cautious around the mentioned pivot levels and use strict stop losses to manage risks effectively.
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
Written by Indian-Share-Tips.com, which is a SEBI Registered Advisory Services
