
On Tuesday, Nifty witnessed a gap-up opening, fueled by positive global cues and geopolitical optimism, maintaining a firm stance above 25,000.
Synopsis
Nifty opened over 200 points higher on positive global cues but ended with a 70-point gain after profit booking. Despite volatility, the index held above 25,000. Technicals suggest a bullish bias with a trading range of 24,800–25,300. Traders may consider a Bull Call Spread strategy amid market swings.
The Nifty index opened a gap up by more than 200 points on Tuesday. This was on account of positive global cues and optimism surrounding geopolitical developments.Bulls held on with a firm stance above the 25,000 for most of the session with some volatile cues in between. After crossing the 25,300 mark, it witnessed profit booking in the second half but managed to close in gains of around 70 points.“It (the index) formed a bearish candle on the
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