Nifty Intraday Outlook – July 1, 2026Nifty 50 IndexNSE:NIFTYvickshikGIFT Nifty is indicating a positive opening near 23,990, which is close to a key resistance zone. The opening price action will be important in deciding the intraday direction. Bullish Scenario: If Nifty sustains above 23,980–24,000, it may rally towards 24,040–24,060. A strong breakout above this zone could extend the move to 24,100–24,130. Bearish Scenario: If Nifty fails to hold above 23,950 after the opening and slips below 23,900, selling pressure may increase. In that case, the index could decline towards 23,875–23,850. A break below 23,850 may push Nifty towards 23,800. Intraday Levels Resistance: 23,980–24,000 | 24,040–24,060 | 24,100–24,130 Support: 23,900 | 23,875–23,850 | 23,800 Options Strategy Buy CE only after a sustained move above 24,000 with good momentum. Buy PE only if Nifty breaks and sustains below 23,900. Avoid taking trades inside the 23,900–24,000 range, as it may remain volatile and directionless. Disclaimer: This analysis is for educational purposes only. Always use proper risk management and wait for price confirmation before entering a trade.