๐ Tomorrow Market Outlook
Today’s session opened with a gap-down, reflecting weak global cues. Although the market attempted a recovery, strong seller absorption near resistance led to rejection, and selling pressure dominated the rest of the session.
The market followed a clear sell-on-rise structure, with every intraday bounce attracting fresh selling. Both Nifty and Bank Nifty closed near important support zones, making tomorrow’s opening crucial.
๐ Key Levels
NIFTY
๐น Resistance: 24,099 โ 24,111 โ 24,217
๐น Support: 24,004 โ 23,971 โ 23,925
BANK NIFTY
๐น Resistance: 57,474 โ 57,568 โ 57,928
๐น Support: 57,354 โ 57,240 โ 56,908
๐ฏ Trading View
๐ Holding 24,004 (Nifty) and 57,354 (Bank Nifty) may trigger a technical pullback.
๐ A break below support can extend the downside, keeping sellers in control.
Overall Bias: Cautious to Bearish. Until resistance levels are reclaimed, the preferred approach remains Sell on Rise. Wait for price confirmation before taking fresh positions. ๐๐ฅ