Nifty

Nifty has attempted multiple recoveries after the fall, consistently taking support near the 25100 level. If the index opens with a gap down below 25100 and forms a strong bearish candle, a further downside move towards 24750 can be expected. A bullish move is likely only after a decisive break above 25400. Until then price action remain sideways within the 25300-25100 range.