Nifty 50 

Today's Nifty 50 session turned bullish, with the index closing around 24175.65, up 84.80 points (+0.35%) from the previous close of 24090.85. Nifty opened at 24122.60 and initially moved higher, showing that buyers were willing to defend the lower levels. THe index reached an intraday high of 24188.30, while the low was 24076.85, keeping the session range relatively tight. After weakness around the middle of the session, Nifty found support near 24080-24100 and gradually recovered toward the day's high.

The market breadth is positive, with the 30 stocks advancing against 19 declining, which supports the bullish tone. The immediate support zone is now 24100-24120, wile 24075 is the strong intraday support visible from today's session. On the upside, 24190-24200 is the immediate resistance; a sustained breakout above 24200 could open the way toward 24250-24300. Therefore, CE is currently preferred over PE, but i would avoid buying CE directly into 24190-24200 resistance without a breakout confirmation.

A stronger CE setup would be a sustained move above 24200, whereas a break below 24100 would weaken the bullish view and bring PE back into consideration

Overall bias: mildy bullish/Long - CE > PE with 24100 as the key support and 24200 as the breakout trigger.

This analysis is not guaranteed outcome or any personalized financial advice be cautious before taking any trade. Do your market analysis and study before hand. This analysis is based on the closing market for Nifty 50 today and for educational purpose.

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