#NIFTY Intraday Support and Resistance Levels - 22/08/2024

🔔 Nifty Update for Today:

📈 Gap-Up Opening Expected:

Expected Opening Level: Near 24850
Key Bullish Level: 24850
Potential Upside Target: 25000
Nifty is expected to open with a gap up near the 24850 level today. If the index sustains above this level after opening, a strong upside rally could push it towards the 25000 mark during the session.

📉 Watch for Downside Risks:

Critical Reversal Level: 24800
Important Support Level: 24650
However, if Nifty starts trading below 24800, downside movement may be possible. The 24650 level will serve as an important support in today’s session.