Gifty Hourly charts suggest 900 Points upside possibility.Gifty Hourly charts suggest 900 Points upside possibility.
Gifty is consolidating in narrow range since few sessions & Breakout above last weeks high will open gates for 25900+ Targets in 1-2 weeks timeframe.
LTP - 25015
Targets - 25900+
Timeframe - 1-2 weeks
Happy Investing.
GIFT NIFTYA triangle chart pattern is a tool used in technical analysis. Named for its resemblance to a series of triangles, the triangle chart pattern is created by drawing trendlines along a converging price range. The result signals a pause in the prevailing trend.
Technical analysts read the triangle as
GIFT NIFTY Analysis 22-May-2025: Bottom is in or more to go?LTP 24633
LOW: 24507
Base support: 23734
Downside extension can be 24480, 307, 185, 80, 23934.
If low 24507 holds and a break of 24743, we can NEW ATH and 1st minimum target would be 25534.
Other targets:
Ultimate target zone 1: 26315, 26634-27307
Ultimate target zone 2: 28434-29530, 30500
Ultimate
GIFT NIFTY ANALYSIS 23-MAY-2025: BULL or BEAR?LTP 24883
GAP Support zone: 24450-24207
Support: 24750
Resistance: 25225
As of now Nifty is at 50:50 probability zone.
BEARISH SCENARIO:
If 25225 resists, we can see 24507 again and further 24450, 207, 23950.
Extensions can be 23550, 23150, 22850.
Reversal from any of these levels, 1st target
See all ideas
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The nearest expiration date for S&P CNX NIFTY INDEX FUTURES is Aug 29, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell S&P CNX NIFTY INDEX FUTURES before Aug 29, 2024.