Key Highlights
- According to Sumeet Bagadia, Executive Director at Choice Broking, the recovery indicates strong dip-buying interest near lower levels, especially around the 25,400 zone, where demand emerged after yesterday’s fall.
- Despite intraday volatility, the index managed to stabilise and close in the green, suggesting a gradual improvement in sentiment after recent choppy movement.
- “From a technical perspective, the 25,400–25,450 range now acts as a key near-term support zone, while the 25,700–25,750 band continues to act as immediate resistance.
- However, sustained holding above support after yesterday’s correction keeps the broader structure intact.
- A decisive breakout above 25,888 would be required to revive stronger upside momentum in the near term,” Bagadia said.
