Nifty Eyes 24720:Gap-Up Opening with Trendline Breakout in Focus

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Nifty Eyes 24720:Gap-Up Opening with Trendline Breakout in FocusNifty 50 IndexNSE:NIFTYvickshikA mildly positive opening is expected as Gift Nifty trades higher. Nifty is testing a descending trendline resistance. Sustaining above 24,720 could trigger fresh buying towards 24,780–24,840, while rejection from this zone may lead to profit booking towards 24,630 and 24,600. Traders should wait for confirmation after the initial opening volatility.