(08-05-2025) LEARNING

NIFTY (24,461)

• Trend: Positive

• Action: Hold long positions with stoploss at 24,163 on a daily closing basis. Fresh short positions can be initiated if NIFTY closes below 24,163 levels.

• Support: 24,399 | 24,337 | 24,273

• Resistance: 24,525 | 24,588 | 24,651

BANKNIFTY (54,611)

• Trend: Negative

• Action: Hold short positions with stoploss at 55,130 on a daily closing basis. Fresh long positions can be initiated if BANKNIFTY closes above 55,130 levels.

• Support: 54,126 | 53,641 | 53,361

• Resistance: 54,890 | 55,169 | 55,655

#ALPHAINDEXLEARNING

(08-05-2025)