Nifty may open near 25,600 amid earnings reactions
pre-market1 source ↓written by the desknot a recommendation
- to open
- 25,600
- as a potential
- 25,508
- as initial resistance
- 25,650-25,700
- on Tuesday
- 58,000
The Nifty is expected to open around 25,600, facing downward pressure after declining in three of the last four sessions. Key levels include 25,508 as a potential support and 25,650-25,700 as initial resistance. Earnings reactions from IndiGo and Sun Pharma will be closely monitored today.
Traders should watch the Nifty Bank index, which struggled to close above 58,000 on Tuesday. The market dynamics could shift based on these earnings results.
Not investment advice. For informational purposes only.