Today, the Nifty 50 index managed to stay resilient despite intraday volatility. After opening near 24,815, Nifty moved in a tight range between 24,814 – 24,836 before closing at 24,835.75 (+20.50 points, +0.08%).
The index showed sideways consolidation with buying interest at lower levels. This indicates that bulls are trying to defend crucial support zones, while bears are active near resistance.
🔹 Intraday Highlights:
- Opening Level: 24,815
- Day High: 24,836
- Day Low: 24,814
- Closing Level: 24,835.75
- Advance-Decline Ratio: Mildly positive
- Sectoral Performance:
- Banking & IT: Flat
- Auto & FMCG: Mildly positive
- Energy & Metals: Witnessed profit booking
🔮 Nifty 50 Prediction for Tomorrow (10th Sept 2025)
Based on today’s price action and chart analysis:
- Immediate Support Zone: 24,720 – 24,750
- Major Support Level: 24,560
- Immediate Resistance Zone: 24,900 – 24,940
- Major Resistance Level: 25,050 – 25,100
Nifty is likely to stay range-bound between 24,720 – 24,940 in early trade tomorrow. A breakout on either side may trigger strong intraday moves.
🔹 Bullish View (If Nifty Breaks Above 24,900):
- Target 1: 25,000
- Target 2: 25,050 – 25,100
- Stop Loss: 24,820
🔹 Bearish View (If Nifty Falls Below 24,720):
- Target 1: 24,600
- Target 2: 24,560
- Stop Loss: 24,800
📈 Technical Analysis of Nifty 50
1. Trend Analysis
The index is forming higher lows, indicating strength. However, the upside momentum is capped near 24,900. Bulls need to clear this hurdle for further rally.
2. Candle Pattern
On the 15-min chart, Nifty formed consolidation candles with wicks, suggesting both buying and selling pressure. This means traders are cautious before a decisive breakout.
3. Moving Averages
- 20 EMA: 24,780 (acting as intraday support)
- 50 EMA: 24,720 (crucial support zone)
- 200 EMA: 24,560 (long-term support)
4. RSI (Relative Strength Index)
- RSI near 52, showing neutral sentiment (neither overbought nor oversold).
5. Volume Analysis
Volumes remain low, indicating that a breakout could come with strong participation in the next session.
📌 Key Levels for Nifty 50 Tomorrow (10th Sept 2025)
| Level Type | Value Range | Action Zone |
|---|---|---|
| Strong Resistance | 25,050 – 25,100 | Booking zone |
| Immediate Resistance | 24,900 – 24,940 | Breakout buy |
| Pivot Zone | 24,835 | Neutral zone |
| Immediate Support | 24,720 – 24,750 | Intraday buy zone |
| Strong Support | 24,560 | Breakdown sell zone |
🏦 Nifty & Bank Nifty Correlation
- Bank Nifty has been moving sideways, providing little momentum to Nifty.
- If Bank Nifty breaks above 52,500, it could act as a catalyst for Nifty to move above 24,900.
- On the other hand, weakness in banking could drag Nifty back to 24,600 levels.
📉 Global & Domestic Cues
- US Markets: Dow Jones and Nasdaq showed mixed trends overnight.
- Asian Markets: Japan and Hong Kong indices are trading cautiously.
- Crude Oil: Stable, providing relief to Indian equities.
- Rupee Movement: INR stable against USD.
- FII & DII Data: FII inflows remained muted, while DIIs continued buying in selective sectors.
💡 Trading Strategy for Retail Investors
🔹 Intraday Traders
- Buy above 24,900 for targets of 25,000 / 25,050 with SL 24,820.
- Sell below 24,720 for targets of 24,600 / 24,560 with SL 24,800.
🔹 Positional Traders
- Hold long positions as long as Nifty trades above 24,560.
- Consider booking profits near 25,050 – 25,100 zone.
🔹 Options Traders
- Bullish Spread: Buy 24,900 CE and sell 25,100 CE.
- Bearish Spread: Buy 24,700 PE and sell 24,500 PE.
- Neutral Strategy: Straddle at 24,800 if expecting range-bound moves.
🧐 Market Sentiment
The overall sentiment remains neutral-to-bullish. While FIIs are cautious, domestic liquidity is providing strong support. If global markets remain stable, Nifty could attempt to break the 24,900–25,000 hurdle.
Retail traders should stay light on positions and trade with strict stop losses.
📢 Conclusion
- Nifty closed flat today at 24,835 after sideways movement.
- Tomorrow (10th Sept 2025), the range is expected between 24,720 – 24,940.
- A breakout above 24,900 may push Nifty towards 25,050, while a breakdown below 24,720 can trigger a fall towards 24,560.
- Market bias: Mildly bullish as long as 24,720 holds.
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