(05-05-2025) LEARNING

NIFTY (24,347)

• Trend: Positive

• Action: Hold long positions with stoploss at 24,098 on a daily closing basis. Fresh short positions can be initiated if NIFTY closes below 24,098 levels.

• Support: 24,194 | 24,041 | 23,843

• Resistance: 24,544 | 24,742 | 24,895

BANKNIFTY (55,115)

• Trend: Negative

• Action: Hold short positions with stoploss at 55,686 on a daily closing basis. Fresh long positions can be initiated if BANKNIFTY closes above 55,686 levels.

• Support: 54,843 | 54,570 | 54,145

• Resistance: 55,540 | 55,965 | 56,238

#ALPHAINDEXLEARNING

(05-05-2025)