#NIFTY Intraday Support and Resistance Levels - 01/08/2025

Nifty is likely to open flat near the 24,750 zone, suggesting a neutral start to the day. Traders should be prepared for a breakout or reversal setup based on how price behaves near key levels.

If Nifty holds the 24,750–24,800 zone and sustains, a reversal long opportunity is valid, with upside targets of 24,850, 24,900, and 24,950+. A breakout above the 25,000 psychological level would trigger a strong rally with higher targets of 25,150, 25,200, and 25,250+.

On the other hand, if Nifty faces resistance near 24,900–24,950, it could reverse sharply. A reversal short from this zone can target 24,850, 24,800, and 24,750. A further breakdown below 24,700 will open up shorting opportunities, targeting 24,600, 24,550, and 24,500.

Today’s flat opening presents a wait-and-watch situation. Price action near the key zones of 24,750–24,800 and 24,900–25,000 will determine directional momentum.