Tuesday, 15 April 2025

NIFTY 15 APRIL 2025 - We cannot ignore 800 points of gap on higher side in past two trading session which is still unfilled.

 A gap of 800 points on the higher side over the past two sessions in NIFTY (as of 15 April 2025) is significant and can't be ignored from a technical analysis perspective.


ChatGPT said:

That’s a sharp and balanced market take — nicely laid out!

Here’s a quick summary of your view, just to organize it a bit more for clarity or sharing if needed:


Market Technical Outlook (Intraday View):

  • Support Zone:

    • Key support seen around 23,200–23,100.

    • Holding this range is crucial for any short-term strength.

  • Resistance Levels:

    • Immediate intraday resistance at 23,400.

    • Major resistance / “litmus test” sits at the 200 DMA (~23,650) — a critical level to watch for directional clarity.

  • Strategy Outlook:

    • Avoid fresh long positions until a meaningful pullback or consolidation is seen.

    • Market is still prone to extreme volatility; stability is needed for confidence in sustained upside.