Nifty Outlook: Gap-up Opening Expected

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Nifty Outlook: Gap-up Opening ExpectedNifty 50 IndexNSE:NIFTYvickshikNifty is likely to open with a gap up, supported by positive global cues. A sustained move above 24,520, backed by strong buying volume, could push the index towards 24,570–24,590, with the possibility of further upside if momentum continues. However, if Nifty fails to hold the gap-up opening and breaks below the 24,490–24,470 support zone, profit booking may intensify, dragging the index towards 24,420–24,390. Trading Strategy: Avoid chasing the gap-up opening. Instead, wait for a pullback and look for buy-on-dips opportunities only after confirmation. If the market loses its opening strength, be prepared for intraday profit booking. Education purpose only and not financial advice