NIFTY OVERVIEW

 NIFTY Overview Summary (from Market Sentiment & Technical Analysis Current Trend: Weak momentum continues, with RSI (Relative Strength Index) still pointing downward—signaling possible continued pressure.

Key Support Level: 24,670

If NIFTY falls below 24,670, a sharp correction may occur, pulling the index down to:

First target: 24,400

Second target: 24,300

Conversely, if NIFTY holds above 24,670, it could rally towards:

First upward target: 25,000

Second upward target: 25,150

🎯 Target & 🛑 Stop-Loss Levels ✅ Targets (Upside & Downside) Bullish Scenario (if NIFTY stays above 24,670):

Target 1: 25,000

Target 2: 25,150

Bearish Scenario (if NIFTY breaks below 24,670):

Target 1: 24,400

Target 2: 24,300

🛑 Stop-Loss Strategy If you are long (buying) above 24,670:

Suggested stop-loss: just below 24,670

If you are short (selling) below 24,670:

Suggested stop-loss: just above 24,670

📊 Additional Key Data NIFTY Spot: 24,834 ▲ (+0.33%)

NIFTY Future: 24,943 ▲ (+0.33%) | Premium: +109.2 points

Pivot Points:

R1: 24,925 | R2: 25,016

S1: 24,710 | S2: 24,586

Pivot (PP): 24,801

🧭 Summary Strategy Watch 24,670 closely — it’s the trigger point.

Trade the breakout/breakdown with stop-losses just around that level.

Momentum is weak, so until RSI turns up, risk remains tilted to the downside