Nifty 50 Index spot 24750.70 by Daily Chart view - Weekly UpdateNifty 50 Index spot 24750.70 by Daily Chart view - Weekly Update
- Resistance Zone 25200 to 25450 of Nifty Index
- Support Zone 24675 to 24780 sustained by Nifty Index
- Nifty seems stuck within Descending Triangle pattern above Support Zone, needs to breakout from it for fresh upside
- Gap Up Opening of 256 points created on 12-May-2025 will act as void blank area until it is closed sooner or anytime later
- Gap Down Openings made after the ATH 26277.35 on 27-Sept-2024 will need to be closed sooner or later to create New ATH
Nifty50trendanalysis
Nifty 50 Index spot 24346.70 by Daily Chart view - Weekly UpdateNifty 50 Index spot 24346.70 by the Daily Chart view
- Support Zone 23875 to 23975 Nifty 50 Index Band
- Resistance Zone 24675 to 24780 Nifty 50 Index Band
- Volumes are well in sync with the average traded quantity
- Nifty Index has sustained well above the immediate Support Zone at 23785 to 23975 and contained below Resistance Zone 24675 to 24780 over past 2 weeks
- Nifty Index is behaving erratically by jumping from positive to negative and vice versa between the days highs and lows over keeping an eye on the ongoing cross border uncertainty state and seems it is keeping submissive to fear factor
- Let us hope for the best to happen for a positive outcome over the coming days/weeks and foresee Nifty 50 Index to gradually and steadily progress towards the current ATH 26277.35 for a New ATH, in line with the Bank Nifty Index strides
Nifty 50 Index spot 23851.65 by Daily Chart view - Weekly UpdateNifty 50 Index spot 23851.65 by the Daily Chart view - Weekly Update
* Support Zone at 21800 to 21950 Nifty 50 Index Band
* Resistance Zone at 23875 to 23975 Nifty 50 Index Band
* A Bullish Head and Shoulders pattern formation is now been invalidated, as the "Right Shoulder" is closely equal to the "Head" which ideally maybe equal to or +/- "Left Shoulder". This pattern maybe considered as a Bullish Double Bottom
Nifty 50 spot 23828.55 by the Daily Chart view - Weekly UpdateNifty 50 spot 23828.55 by the Daily Chart view - Weekly Update
- Volumes attempting to sustain in sync with avg traded quantity
- Sustained Support Zone 22720 to 22850 earlier Resistance Zone for Nifty 23K
- Progressive indicative Resistance Zones seen at 25075 to 25225 > 24375 to 24475 > 23900 to 23975 > 23375 to 23650
Nifty 50 Index spot 22904.45 by Daily Chart viewNifty 50 Index spot 22904.45 by Daily Chart view
- Resistance Zone at 23875 to 23975 for Nifty 50 Index Band
- Can we expect the Right Shoulder depth act as a Support base alike of the Left Shoulder depth near 22700 to 22800 ???
- If the Right Shoulder gets sustained, a Support base in sync with the Left Shoulder of the Bullish Head & Shoulder pattern may get activated
- Let us hope for the best to happen expecting some fresh breather over the next week basis the fact that, the Markets are always Supreme to look up to ......
Nifty 50 spot 23350.40 by the Daily Chart view - Weekly updateNifty 50 spot 23350.40 by the Daily Chart view - Weekly update
- Sustained Support Zone 22720 to 22850 earlier Resistance Zone for Nifty 23K
- Minor Gap Up Openings around above Support Zone would need to be filled & closed sooner or later on
- Next set of Resistance Zones seen at indicative Nifty 50 Index levels of 23375 to 23460 and 23900 to 23975
Nifty 50 spot 22397.20 by the Daily Chart view - Weekly updateNifty 50 spot 22397.20 by the Daily Chart view - Weekly update
- Resistance Zone seen at 22720 to 22850 Index level for the 23K Index target
- Gap Down Openings of 24-Feb-2025 remains and 28-Feb-2025 is filled & closed
- Long shot deep inline Support Zone seen at 22125 to 22350 is now back in action
Nifty 50 spot 22552.50 by the Daily Chart view - Weekly Update*Nifty 50 spot 22552.50 by the Daily Chart view - Weekly Update*
- Gap Down Opening of 28th February, 2025 is now filled and has been closed
- Basis current weekly closure for Nifty 50 Index, the Support Zone is updated to 21750 to 21960 from earlier 21485 to 21710 Level
- Long shot deep Support Zone at 22125 to 22350 is back in action basis the Nifty 50 Index having taken a reversal from 21964.60 dipped level.
- Rest Markets are Supreme and work in their own ways. We can at most anticipate, expect and look forward for the best to happen by our assumptions
Nifty 50 Index 22124.70 by Daily Chart view: Different ViewpointNifty 50 Index 22124.70 by the Daily Chart view - Different Viewpoint
A different point of view for the Nifty 50 Index Technical Chart Setup Analysis. This is solely and purely my personal perspective for the Bearish Head & Shoulders pattern's. I will be happy to welcome and get your fine line pointers for the improvement on the Technical Analysis for this Chart Setup. Thank you in advance to One and All.
The 1st H&S Bottom is broken down and now need to look forward, if ..... Nifty 50 Index touches the 2nd H&S Bottom or takes an early reversal ..... Hope for the best to happen and keeping fingers crossed. God Bless All.
Nifty 50 Index spot 22929.25 by Monthly Chart viewNifty 50 Index spot 22929.25 by Monthly Chart view
- Nifty 50 Index trending along the Rising Support Trendline 4th time over since March 2020.
- Support point starting March 2020, next in March 2023 followed in Nov 2023 and now in Feb 2025.
- *What can we anticipate and can we hope for some upside reversal from here ????*
Nifty 50 spot 22985.25 by the Daily Chart viewNifty 50 spot 22985.25 by the Daily Chart view
- Sustained Support Zone for Nifty 50 Index 22775 to 22950 levels
- Will the Support Zone pass the 2nd retest after 1st test done on 27-January-2025
- Let's hope for the best to happen and look forward to see how things unfold going ahead