Nifty strategy for 16-04-2026GIFT NIFTY 50 INDEX FUTURESNSEIX:NIFTY1!viswanath_ktcNifty may open on gap up note in today as per Gifg nifty around at 24300 levels which is huge resistance level in the short term for nifty. Coming to yesterday Nifty opened on gap up and continued its rally upto 24300 at these levels bears had taken charge and pull back the nifty upto 24157 level from here bulls pushed back it upto 24250 levels and finally closed at 24210 levels by 388 points rally. I am expecting Nifty may consolidatd between 24500 to 23800 levels in the short term.India vix is cooled off in yesterday traded around at 18.75 levels which is indicated volatality is reducing and it is comfortble level for option buyers. Nifty levels : Support levels : 24144,24050 Resistance levels : 24380,24451 Bank Nifty : Support Levels : 56163,55950 Resistance Levels : 56818,57119 Stock of the day : Reliance Industries Short Price : 1353 Stop loss : 1364 1st target : 1342 2Nd target : 1330 Disclaimer : I am not a SEBI Research Analyst please take advise from your financial advisor before take position based on my recommendation. Thanking for your support if liked my content please suggest to your friends to follow my channel Please drop a comment on whether my recommendation is useful and correct my mistakes