Nifty Short & Medium Term Support&Resistance_13-Oct to 17-Oct-25
Nifty 24894
As predicted last week, Nifty very well hold the 24500 Support and currently moved near to the first resistance 25000.
One more positive decisive break above Ist Short Term Resistance as given below in order market to move up.
Quarterly result started coming out slowly, TCS posted average result, Warree Renewables posted vgood results (PE is very high) .
Qtrly Results and Tariffs deal will decide the future path of the Nifty. Since it is a Volatile situation SIP route or buy in multiple parcel route with a goal of 3-5 years will workout.
Recent 100% additional tariff on China got severe effect on US market on Friday, it will affect global other trade markets too on Monday. Mainly due to the uncertainty prevailing over.
However, for India though initial drop market tend to move up to 25670 ( Jun 2025 all time high).
Repo and FD rate reduction by RBI, people may have to choose Debt/Commodity/Equity as alternate in order to beat the inflation.
Apart from that Low Cost ULIPs (2.5 L Limit per person) as one of the option to save the tax- ICICI & HDFC ULIPs are doing well, ULIPs are simplified and charges are lesser compared to MFs in terms of long term, Various fund option including passive funds are introduced.
Market was on decline/ Consolidation mode recently because of new Tariff's imposed by Trump mainly on Pharma and IT - H1 B Visa and Tax for Outsourcing IT and the recent pharma tarrifs imposition.
GST 2.0 is a reform which can aid in Auto/ FMCG / Home Appliances sales will get a boost due to the festival season.
Since market is volatile, use the dips (Opportunity) and buy through SIP or through multiple parcel in these uncertain times with a goal of 3-5 years.
Nifty Short Term Supports:
1. 24500 (Trend Line as shown)
2. 24000-24170 (Fibonacci Retracements Supports- Two Supports in this zone 24116 & 24171 as shown)
Medium Term Support:
3. 23500-23700 (Fibonacci Retracements Supports- Two Supports in this zone 23608 & 23707 as shown)
4. 23000
Resistance ( Multiple Resistances are there between 25000-25650):
1. 25000
2. 25200 ( 25154 Aug 2025 high)
3.25350 ( Fibonacci resistance shown )
4.25450 ( 25442 is the Aug 2025 high)
3. 25500 ( 25441 Sep 18th 2025 High )
Medium Term:
1.25670 ( Jun 2025 High) Should cross this resistance in short term decisively inorder to move up.
2.26269 ( Sep 2024 High)
Nifty 24894
As predicted last week, Nifty very well hold the 24500 Support and currently moved near to the first resistance 25000.
One more positive decisive break above Ist Short Term Resistance as given below in order market to move up.
Quarterly result started coming out slowly, TCS posted average result, Warree Renewables posted vgood results (PE is very high) .
Qtrly Results and Tariffs deal will decide the future path of the Nifty. Since it is a Volatile situation SIP route or buy in multiple parcel route with a goal of 3-5 years will workout.
Recent 100% additional tariff on China got severe effect on US market on Friday, it will affect global other trade markets too on Monday. Mainly due to the uncertainty prevailing over.
However, for India though initial drop market tend to move up to 25670 ( Jun 2025 all time high).
Repo and FD rate reduction by RBI, people may have to choose Debt/Commodity/Equity as alternate in order to beat the inflation.
Apart from that Low Cost ULIPs (2.5 L Limit per person) as one of the option to save the tax- ICICI & HDFC ULIPs are doing well, ULIPs are simplified and charges are lesser compared to MFs in terms of long term, Various fund option including passive funds are introduced.
Market was on decline/ Consolidation mode recently because of new Tariff's imposed by Trump mainly on Pharma and IT - H1 B Visa and Tax for Outsourcing IT and the recent pharma tarrifs imposition.
GST 2.0 is a reform which can aid in Auto/ FMCG / Home Appliances sales will get a boost due to the festival season.
Since market is volatile, use the dips (Opportunity) and buy through SIP or through multiple parcel in these uncertain times with a goal of 3-5 years.
Nifty Short Term Supports:
1. 24500 (Trend Line as shown)
2. 24000-24170 (Fibonacci Retracements Supports- Two Supports in this zone 24116 & 24171 as shown)
Medium Term Support:
3. 23500-23700 (Fibonacci Retracements Supports- Two Supports in this zone 23608 & 23707 as shown)
4. 23000
Resistance ( Multiple Resistances are there between 25000-25650):
1. 25000
2. 25200 ( 25154 Aug 2025 high)
3.25350 ( Fibonacci resistance shown )
4.25450 ( 25442 is the Aug 2025 high)
3. 25500 ( 25441 Sep 18th 2025 High )
Medium Term:
1.25670 ( Jun 2025 High) Should cross this resistance in short term decisively inorder to move up.
2.26269 ( Sep 2024 High)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.