<\/p>\n
Today\u2019s session started with a strong gap-up opening driven by positive global cues, including ceasefire-related news and the RBI policy outcome, where the repo rate remained unchanged. Despite the strong start, the market remained largely range-bound throughout the day, indicating hesitation at higher levels.<\/p>\n
In the closing session, a slight upward move was seen, suggesting buyers are still active, but a lack of strong follow-through highlights indecision near resistance zones.<\/p>\n
Nifty View
\nNifty is currently trading near resistance after a gap-up move.
\nSupport: 23,944 \u2013 23,909
\nNext Support: 23,829 \u2013 23,793
\nResistance: 24,128 \u2013 24,146<\/p>\n
Sustaining above 24,146 can trigger fresh upside momentum.
\nFailure to hold 23,944 may lead to range breakdown or profit booking.<\/p>\n
Bank Nifty View
\nBank Nifty also remained range-bound after a gap-up opening with slight strength in closing.
\nSupport: 55,642 \u2013 55,391
\nNext Support: 55,123
\nResistance: 55,790 \u2013 56,054<\/p>\n
Sustaining above 56,054 can lead to continuation of bullish momentum.
\nRejection from resistance may keep the market sideways.<\/p>\n
Conclusion
\nThe market showed strength due to positive news but lacked momentum to sustain higher levels, resulting in a range-bound session.<\/p>\n
Tomorrow\u2019s move will depend on whether the market sustains above resistance or breaks below support.<\/p>\n
Key Takeaway:
\nGap-up + range day = breakout pending. Trade only on level confirmation, avoid chasing.<\/p>\n","protected":false},"template":"","article-category":[35],"article-tags":[403,787,385,400,112],"class_list":["post-33755","article","type-article","status-publish","hentry","article-category-learn","article-tags-banknifty","article-tags-nifty-banknifty","article-tags-optionbuying","article-tags-technicalanalysis","article-tags-financialplanning"],"acf":[],"_links":{"self":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article\/33755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article"}],"about":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/types\/article"}],"wp:attachment":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media?parent=33755"}],"wp:term":[{"taxonomy":"article-category","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-category?post=33755"},{"taxonomy":"article-tags","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-tags?post=33755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}