While directional trading currently holds little meaning, the NIFTY’s spot close above 25000 remains crucial, keeping major downside at bay. The trend remains sideways.
A strong breakout for NIFTY would materialize only with a sustained spot close above 25350. Conversely, no significant downside is anticipated as long as 24850 holds.
Similarly, US markets remain stable as long as the S&P 500 does not decisively close below 6250. A break of this level would signal a potential reversal.
For directional traders, patience is key. Wait for a clear break of these critical levels on either side before initiating new positions.
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