Friday, 23 May 2025

GIFT NIFTY ANALYSIS 23-MAY-2025: BULL or BEAR?

LTP 24883

GAP Support zone: 24450-24207

Support: 24750

Resistance: 25225


As of now Nifty is at 50:50 probability zone.


BEARISH SCENARIO:

If 25225 resists, we can see 24507 again and further 24450, 207, 23950.

Extensions can be 23550, 23150, 22850.

Reversal from any of these levels, 1st target 25225.


BULLISH SCENARIO:

If Gift Nifty breaks 25225, we will see 25277 first.

Further,

Minimum target: 25455-25734

Normal target: 26434-26600-27155

Ultimate target: 29289.


https://in.tradingview.com/chart/NIFTY1!/zcFnbOCY-GIFT-NIFTY-ANALYSIS-23-MAY-2025-BULL-or-BEAR/

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