Nifty Pre and Post Market Report
The Nifty Report provides a comprehensive analysis of the NIFTY 50 index, helping traders and investors understand market trends, price action, and key technical levels. Designed for both short-term traders and long-term investors, the Nifty Report offers valuable insights to identify potential trading opportunities, manage risk effectively, and stay informed about the overall market direction.
Can Nifty Aim for 24,000 After Friday’s 2% Surge?
After Friday’s strong comeback, investors are asking whether the Nifty can climb to the 24,000 level in the days ahead. Market strategists believe the momentum is positive, though the 23,750–23,820 range remains a near-term barrier.
India’s benchmark indices, Sensex and Nifty, snapped their recent losing streak, buoyed by supportive global signals and easing geopolitical tensions.
The Nifty opened with a sharp gap-up, moved sideways through the morning, and picked up pace later in the session. It closed near the day’s peak at 23,622.90, gaining 461.30 points (1.99%). At its intraday high, the index was up 483.75 points (2%) at 23,645.35.
The Sensex also rallied, finishing at 75,527.95 with a gain of 1,695.40 points (2.3%). During the day, it touched 75,608.02, up 1,775.47 points (2.4%).
Analysts suggest the index could inch towards 24,000, but only after clearing the 23,750–23,820 hurdle. A close above 23,820 would reinforce the bullish setup.
Global developments added fuel to the rally. US President Donald Trump announced that a deal to end the war with Iran is nearly finalized and may be signed in Europe over the weekend, with Vice President J.D. Vance expected to attend.
Later, while addressing a tele-rally for Georgia Lieutenant Governor Burt Jones, Trump declared that the US has officially ended the war with Iran.
“I don’t know if you heard, but we ended the war with Iran today, and they agreed never to pursue nuclear weapons. That was the whole point,” Trump said.
Back on Dalal Street, the Nifty staged a decisive rebound after holding the 23,000 support zone and reclaiming resistance near 23,500, which aligns with the 20‑day EMA.
“Staying above this level could open the path towards the 23,800–24,200 band in the near term. On the downside, the 23,100–23,300 area is expected to act as immediate support if profit-taking sets in,” Mishra explained.
The broader market outshone the benchmarks, with midcap and smallcap indices climbing around 2.5%, signaling stronger breadth and rising risk appetite.
Investor sentiment was further boosted by easing concerns over global energy supply. Brent crude slipped towards USD 86 per barrel, offering relief on inflation and India’s external balances.
Banking and financial stocks added strength to the rally, supported by the Reserve Bank’s liquidity measures. The rupee also firmed against the US dollar, adding to the upbeat mood.
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