Today market opened with a **heavy gap-down**, creating panic in the opening session. However, near important lower support zones we clearly saw **absorption in order flow**, followed by strong reversal buying from lower levels.<\/p>\n
After the recovery, market maintained a clear **buy-on-dips structure** throughout the day. Buyers remained active on every decline, and overall data also shifted towards the positive side during the second half.<\/p>\n
Closing near higher zones indicates that lower levels are getting defended strongly and short-term sentiment has improved compared to previous sessions.<\/p>\n
Overall structure has shifted from weak sell-on-rise to a more stable recovery structure, but volatility may still continue due to news and global cues.<\/p>\n
—<\/p>\n
**NIFTY**
\nSupport: 23,610 \u2013 23,540
\nNext Support: 23,470 \u2013 23,360
\nResistance: 23,740 \u2013 23,840
\nMajor Resistance: 23,920 \u2013 24,040<\/p>\n
View:
\nHolding above 23,610 can continue bounce towards 23,740\u201323,840.
\nAbove 23,840 strength may extend towards 23,920\u201324,040.
\nBelow 23,540 weakness may return towards 23,470\u201323,360.<\/p>\n
—<\/p>\n
**BANK NIFTY**
\nSupport: 53,450 \u2013 53,200
\nNext Support: 52,970 \u2013 52,700
\nResistance: 53,700 \u2013 53,900
\nMajor Resistance: 54,100 \u2013 54,250<\/p>\n
View:
\nHolding above 53,450 can continue recovery towards 53,700\u201353,900.
\nAbove 53,900 momentum may extend towards 54,100\u201354,250.
\nBelow 53,200 weakness may return towards 52,970\u201352,700.<\/p>\n
—<\/p>\n
**Market Sentiment**
\nHeavy gap-down \u2192 support absorption \u2192 strong reversal
\nClear buy-on-dips structure throughout the session
\nData turned positive and market closed near higher zones<\/p>\n
—<\/p>\n
**Trading Plan**
\nBuy on dips near support zones
\nAvoid aggressive shorts unless support breaks
\nWatch reaction near resistance for continuation strength
\nTrade with confirmation due to ongoing volatility<\/p>\n
—<\/p>\n","protected":false},"template":"","article-category":[],"article-tags":[],"class_list":["post-38125","article","type-article","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article\/38125","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=38125"}],"wp:term":[{"taxonomy":"article-category","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-category?post=38125"},{"taxonomy":"article-tags","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-tags?post=38125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}