NIFTY 25 APRIL 2025 - Be cautious at higher levels. 23360-24400 demands caution. Cross above 24400 will give 24800-24900.
Hello everyone,
To begin with, there has been no indication of a market reversal thus far. It hasn't even fallen below 24200 levels as of yet. It makes me reflect and acknowledge that, despite the greatest historical upswing, bulls are still very much in control.
Technical charts suggest that resistance can appear in the 24360–24400 level range. We may anticipate some intraday retreat because it's Friday, but nothing will motivate us to short until it drops below the 24200 levels.
Support: The door will undoubtedly open for 24800 to 24900 levels if it begins to settle over 24400. Bulls' current strength has raised expectations for a new all-time high earlier than anticipated. You may now say that the news flow about tariffs intended to cause rash panic in order to correct the price before it rose.
We shall watch how the day molds us.
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