Nifty Analysis for 29-08-2025Nifty 50 IndexNSE:NIFTYPavithran1313 Current Price: NIFTY trading around 24,500. Key Levels Marked: Immediate Resistance Zone: ~24,550–24,600 (red box). Immediate 30-min Bullish Order Block (OB): ~24,350–24,400. Major Support Zone / 30-min Bullish OB: ~24,000. Fair Value Gap (FVG): Between ~24,400–24,200. Future Gap to be Filled: You highlighted 23,218.4 – 22,926.15, which is significantly lower. View: Today Expecting sideways consolidation because: Price is inside FVG. OB at ~24,000 offers strong support. Gaps below still need to be filled eventually. My Perspective: Short-Term (Next Few Sessions): Price is trapped between resistance (~24,600) and support (~24,350). The drawn zigzag suggests liquidity sweep around 24,500 → test of OB → possible breakdown. Sideways to slight bearish bias as long as below 24,600. Medium-Term (1–2 weeks): If 24,350 breaks decisively, then FVG fill down to 24,200 is likely. If selling pressure continues, 24,000 major support becomes a critical test. Strong bounce expected from 24,000 (confluence of OB + psychological round number). Long-Term (Gap Fill Concern): The unfilled gap at 23,218 – 22,926 is quite far. Market may not rush to fill it immediately unless we see broader weakness (global cues). That level could act as a magnet if 24,000 breaks on high volume. Probable Scenarios: Bullish Case: Break & close above 24,600 → rally continuation towards 24,800–25,000. Base Case (most likely): Sideways between 24,600 resistance and 24,000 support while FVG is mitigated. Bearish Case: Break below 24,000 → opens 23,600 first, then gap-fill at 23,200–22,900.