What Gift Nifty Signals for Today’s Market Opening

Gift Nifty surged nearly 300 points to trade near the 24,000 mark, signalling a strong gap-up opening for Dalal Street today. Positive Asian markets and a sharp decline in crude oil prices boosted global risk appetite after hopes of progress in US-Iran negotiations improved investor sentiment.

Asian markets opened firm on Monday, led by Japan’s Nikkei 225, which crossed the historic 65,000 level for the first time ever. Investor sentiment improved significantly after oil prices slipped over 5% as markets reacted positively to reports suggesting possible reopening of the Strait of Hormuz and easing geopolitical tensions in the Middle East.

WTI crude oil declined sharply toward the $91 per barrel mark, extending last week’s fall as traders anticipated potential normalization in global energy supply if diplomatic progress between the US and Iran continues. Lower oil prices are likely to provide relief to emerging markets, including India, by easing inflation and import cost pressures.

Nifty Technical Outlook Today

• Nifty continues to remain below major long-term moving averages despite today’s positive opening indication

• Immediate resistance is placed near 24,000–24,070, which coincides with key technical hurdles and the Parabolic SAR zone

• Strong support remains near 23,700–23,650 levels, where buyers are expected to defend aggressively

• RSI at 47.19 indicates recovery attempts, though broader momentum still remains neutral-to-weak

• Sustaining above 24,000 may trigger fresh short covering toward 24,300 in the near term, while failure near resistance may again invite profit booking pressure

Today’s Nifty Opening Prediction –

What Gift Nifty Signals Today

• Gift Nifty indicates a strong gap-up opening near the 24,000 zone

• Positive Asian markets and falling crude oil prices are supporting bullish sentiment globally

• Short covering may intensify if Nifty sustains above the crucial 24,000 hurdle

• Volatility is likely to remain elevated amid ongoing geopolitical developments