Nifty is at No trade zone

Nifty started the day with a gap up, but soon experienced a sell-off from the top. Despite this, the overall movement of Nifty remained flat and rangebound, creating a volatile market on both sides. It is worth noting that Nifty consistently shows respect for levels and patterns in its trading behavior.

For tomorrow, the immediate resistance level is set at 19,712. If the price breaks this level and sustains, we can expect further upward movement towards 19,750 and 19,780. However, if the price breaks below the downside level of 19,660, we can anticipate a continuation of the downward rally.