Can Nifty Sustain Above 24,621 Support to Trigger an Upside Move?

Nifty Spot View and Trading Levels for 08 September 2025

Nifty 50 is India’s benchmark stock market index, representing the weighted average of 50 of the largest companies listed on the NSE. It is a critical indicator for traders and investors, widely used to gauge overall market sentiment and trends.

Current Market Price (CMP): 25,741
EMA (20H / 40H): 24,715 / 24,704
EMA (20D / 40D): 24,734 / 24,790

Support & Downside Levels: 24,621 – 24,520 – 24,400
Resistance & Upside Levels: 24,970 – 25,090
Short Term Trend Reversal: --

Trading View Summary

For today’s intraday trading, 24,621 acts as the key support zone on both a 1-hour sustain and closing basis. If this level holds after market open, Nifty may attempt an upside move towards 24,970 and beyond.

However, if Nifty fails to sustain above 24,621, the market breadth may weaken, exposing risks toward 24,400 and lower levels. Hence, traders should carefully monitor the sustain and closing action around this critical level.

Investor Takeaway: The 24,621 level is crucial for intraday momentum. Holding above it favors an upward bias, while a breakdown may trigger renewed weakness. Traders should adjust positions accordingly.

For traders looking to navigate this volatile phase, useful trading levels and tips are available here:
👉 Nifty Tip | BankNifty Tip

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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.

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