Strong breakout candle just happened — the index has sharply moved up from ~22,400 to nearly 23,850.
Price has broken previous resistance (around 23,437) with high volume, indicating strong bullish momentum.
Index is now approaching the next major resistance zone near 24,000 – 24,200.
RSI (not shown in the screenshot) could be approaching overbought — caution for quick pullbacks.
📈 Next Move Prediction:
Bias: Bullish, but expect resistance at 24,000 – 24,200.
If it breaks and sustains above 24,200, next target: 24,600 – 24,800 zone.
Downside risk if rejection from 24k: Support at 23,400, then 22,900
“Nifty bulls are in control — momentum strong, but nearing a resistance zone. Watch 24,000 carefully. Breakout = bullish continuation. Rejection = short-term pullback.”
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