Synopsis
Nifty has resumed its uptrend after forming a swing low at 24,462 on May 22 and is now consolidating near 25,100 resistance. With strong sectors like Realty, Metals, IT, and Energy, traders are advised to consider a Bull Call Spread strategy to capitalise on moderate upside amid volatility, aiming for a target around 24,900β25,000 in the near term.
Nifty has structurally resumed its upward trajectory, having likely formed a swing low at 24,462 on 22nd May. Since then, the index has entered a consolidation phase, with 25,100 acting as a key resistance level.Sector-wise, Realty, Metals, IT, and Energy have shown relative strength, while FMCG continues to lag.βThe primary trend remains intact and positive, supported by Niftyβs pattern of higher lows. As long as the swing low at 24,462 holds,
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. Youβre just a step away.
Whatβs Included with
1Invest Wisely With Smart Market Tools & Investment Ideas
Investment Ideas
Grow your wealth with stock ideas & sectoral trends.
Stock Reports Plus
Buy low & sell high with access to Stock Score, Upside potential & more.
BigBull Porfolio
Get to know where the market bulls are investing to identify the right stocks.
Stock Analyzer
Check the score based on the company’s fundamentals, solvency, growth, risk & ownership to decide the right stocks.
Market Mood
Analyze the market sentiments & identify the trend reversal for strategic decisions.
Stock Talk Live at 9 AM Daily
Ask your stock queries & get assured replies by ET appointed, SEBI registered experts.
2Stay informed anytime, anywhere with ET ePaper
ePaper – Print View
Read the PDF version of ET newspaper. Download & access it offline anytime.
ePaper – Digital View
Read your daily newspaper in Digital View & get it delivered to your inbox everyday.
Wealth Edition
Manage your money efficiently with this weekly money management guide.
3Exclusive Insights That Matter
4Times Of India Subscription (1 Year)
TOI ePaper
Read the PDF version of TOI newspaper. Download & access it offline anytime.
Deep Explainers
Explore the In-depth explanation of complex topics for everyday life decisions.
Health+ Stories
Get fitter with daily health insights committed to your well-being.
Personal Finance+ Stories
Manage your wealth better with in-depth insights & updates on finance.
New York Times Exclusives
Stay globally informed with exclusive story from New York Times.
5Enjoy Complimentary Subscriptions From Top Brands
TimesPrime Subscription
Access 20+ premium subscriptions like Spotify, Youtube & more.
Docubay Subscription
Stream new documentaries from all across the world every day.
6Get Inspired by Grandmasters
Source link
