Nifty 50

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Today's Nifty 50 session was clearly bullish, with the index at 24231.85, gaining 153.55 points (+0.64%) over the previous close of 24078.30. Nifty opened at 24225.45, almost immediately above the previous close, and remained comfortably above 24200 for most of the session. The intraday range was relatively tight at 24184.55-24265.15, indicating that buyers maintained control without allowing a major breakdown. The strongest confirmation comes from market breadth: 39 stocks advanced versus only 10 declining, showing broad participation in the rally.

Nifty also broke and sustained above the 24200 zone, which was an important psychological and technical level after the previous session's weakness. The immediate resistance is now around 24265-24300; a sustained breakout above 24300 could open the way toward 24400-24500. On the downside, 24180-24200 becomes the first important support zones, while 24075 is the next major support based on the previous close. For options, the current price action gives CE/long a stronger probability than PE/short, but buying CE directly under 24265 resistance would carry breakout risk.

A cleaner bullish setup would be Nifty sustaining above 24265-24300, whereas a fall back below 24180 would weaken the bullish setup and could bring PE trades back into consideration.

Overall view: Bullish/CE bias above 24200, with confirmation above 24300; below 24180, shift to neutral-to-bearish, so based strictly on this image, the market favours Long/CE rather than Short/PE.

Heatmap

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