Trade Setup For Oct. 10: Nifty Finds Immediate Resistance At 25,200-25,250 (Photo: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed
The NSE Nifty 50 faces immediate resistance at the 25,200–25,250 levels after the markets ended on a bullish note, reversing the last session's loss, according to analysts.
A bullish candle on daily charts and a reversal formation on intraday charts indicate a further uptrend from the current levels. As long as the market is trading above 25,000, the uptrend is likely to continue, according to Shrikant Chouhan, head of equity research at Kotak Securities. "For the bulls, 25,200/82200 and 25,250/82300 would be the immediate resistance zones."
A move above 25,250 on the higher side would open further upside towards 25,400–25,500 levels