Nifty Market Commentary
**Nifty Market Analysis – Friday**
On Friday, Nifty opened with a gap-up. Although prices retraced during the session, the accompanying increase in volume indicated underlying bullish strength.
* **Till 1:00 PM:** Nifty maintained a positive trend, supported by both rising prices and increasing volumes, reflecting strong buying interest.
* **Till 2:15 PM:** Profit booking emerged, leading to a pullback in the index as sellers temporarily gained control.
* **Till 3:15 PM:** Fresh buyers, or possibly participants testing the support zone, attempted to push Nifty higher. The index found support around **24,356**, but failed to surpass the day's high. During this phase, volume diverged from price, suggesting weakening buying momentum despite the recovery attempt.
* **Closing Session:** The final candle indicates that fresh buying interest faded toward the close, with buyers exiting rather than sustaining the upward move.
**Overall View:**
Despite intraday profit booking, the session reflected underlying bullish sentiment supported by higher trading volumes. However, the inability to break above the day's high, coupled with volume divergence and a weak closing candle, suggests that buying momentum weakened into the close. This warrants confirmation from the next trading session before assuming a continuation of the uptrend.