Archive · 31 Jul 2026
Nifty Eyes Breakout Above 24,500 Amid Positive Global Sentiment
The Nifty index, which tracks many Indian companies, is expected to start the day a little higher, around 24,390 points.
Traders are watching a key level between 24,400 and 24,500; if the index stays above that, it could signal a strong upward move.
If it falls below 24,200, the short‑term trend could change.
The market is showing more buying, which is a good sign.
Investors are advised to buy on dips and consider new long positions if the index breaks above 24,500.
Nifty projected to open near 24,390, up ~70 points.
Breakout zone at 24,400-24,500 could confirm bullish trend.
Support level at 24,200-24,250 keeps short‑term bulls in play.
Market breadth improving, buying momentum building.
Buy‑on‑dips strategy recommended; long positions may be taken on breakout.
- Who
- Gaurav Udani, Founder of Thincredblu Securities
- What
- Analysis of Nifty index movement and trading strategy
- When
- Today
- Where
- Indian stock market
- Why
- Supportive global cues and improving market breadth
- Projected Opening Level
- 24,390
- Breakout Zone
- 24,400-24,500
- Support Level
- 24,200-24,250
- Recommended Strategy
- Buy‑on‑dips; consider long positions on breakout
- Market Breadth
- Improving