The Market Predictor

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As per GIFT Nifty, the market is likely to open with a small gap down. Most Asian markets are trading on the negative side, indicating weak global sentiment. 25550 – 25650 zone will act as an immediate rejection block / support zone. If price breaks and closes below this rejection block, then 25400 – 25450 zone will act as the next support area. On the upside, 25850 – 25900 zone will act as a strong resistance zone.

As per GIFT Nifty, market may open flat or with a small gap down. If price opens inside the previous day candle and trades within 25850 – 25650: Previous day low = immediate support 🟢 Immediate resistance: 25850 – 25900 🔴 If support breaks, next strong support zone: 25450 – 25400 ⚠️

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• Most Asian markets are trading with a negative sentiment. • As per GIFT Nifty, the Indian market may open flat or with a small gap down. • The 25300 – 25350 zone is expected to act as a strong support area. • If the price moves upward, the 25600 level may act as an immediate resistance.

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An Inverse Head and Shoulders pattern is forming· Wait for confirmation before taking any trade· Confirmation comes only if the price breaks and sustains above the neckline· The trendline may act as a resistance zone 25400 – 25450 zone acts as a key resistance area· A clear breakout above the neckline, trendline, and resistance zone is required for a bullish view.· If there is no clear breakout, the price may continue to move within the range (zone)

As per GIFT Nifty, the market is likely to open with a gap up. Due to the gap-up opening, there is a higher probability of a range breakout. If the price breaks and closes above 25,300, Then the 25,200 – 25,250 zone may act as a strong support. If the price fails to break and close above 25,300, Then the 25,300 – 25,250 zone may act as a strong resistance.

Asian markets are trading in the positive zone. US market indices closed on a positive note. Based on GIFT Nifty, the Indian market is expected to open with a small gap-up. As per the above chart structure, the 25200–25250 zone may act as an immediate resistance area.

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