NIFTY Monday Outlook 📊
Friday Nifty opened with a minor gap-down, but buyers quickly stepped in from lower levels and pushed the market towards key resistance zones. However, higher levels witnessed rejection and selling pressure, keeping the market range-bound for most of the session.
The closing session turned highly volatile due to MSCI rebalancing adjustments, leading to heavy institutional flows and a sharp decline in the final hour. Despite the fall, the move appeared flow-driven rather than fundamentally driven.
NIFTY
Support: 23,583 – 23,469
Next Support: 23,373 – 23,228
Resistance: 23,733 – 23,786
Major Resistance: 23,899 – 24,008
View: Above 23,583 bullish towards 23,786–24,008, while below 23,469 weakness may continue towards 23,373–23,228.
Market Sentiment:
Recovery after minor gap-down opening
Resistance rejection at higher levels
Range-bound movement during mid-session
Sharp MSCI rebalancing volatility in closing session
Trading Plan:
Watch support zones for fresh buying interest
Avoid emotional trading after volatile moves
Wait for confirmation before taking directional trades