BTC $63,042.00 ▲ 0.01% ETH $1,853.89 ▼ 0.70% USDT $0.9992 ▼ 0.00% BNB $581.31 ▲ 0.57% XRP $1.08 ▲ 1.38% SOL $72.89 ▼ 0.01% DOGE $0.0700 ▲ 0.04% SHIB $0.00000499 ▼ 0.01% PEPE $0.00000289 ▲ 4.51% BTC $63,042.00 ▲ 0.01% ETH $1,853.89 ▼ 0.70% USDT $0.9992 ▼ 0.00% BNB $581.31 ▲ 0.57% XRP $1.08 ▲ 1.38% SOL $72.89 ▼ 0.01% DOGE $0.0700 ▲ 0.04% SHIB $0.00000499 ▼ 0.01% PEPE $0.00000289 ▲ 4.51%
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DeFi Piyasa

Nifty Market Commentary

Nifty Market Commentary

Nifty 50 Index NSE:NIFTY

**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.

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