Get started

Optionselling

Nifty, Bank Nifty & S&P 500 Wkly Outlook, Key Levels, Trend. Nifty Weekly Analysis: Nifty ended the week at 26047, slipping 140 points from the previous close. The index formed a long-legged candle, clearly indicating strong demand emerging from lower levels, even as persistent selling pressure attempted to drag the market down. As highlighted last week, Nifty largely respected the broader range of 26650–25750. Although the index briefly breached 25750, bulls managed a strong recovery and weekly close above this crucial support, reinforcing its importance. What’s next for Nifty? To resume the upward momentum, Nifty needs a consecutive daily close above 26150. Once achieved, the index can move higher to test the following key resistance zones: 26325 26492 (important Fibonacci level) 26575 On the downside, 25700 remains a strong support. A sustained breakdown below 25700 could open the gates for 25600 and 25500. 🔍 Expected Nifty Range for Next Week: ➡️ 26500 – 25700 ➡️ 25600 / 25500 only if Nifty sustains below 25700 Bank Nifty Outlook: Bank Nifty closed at 59389, nearly 400 points lower on a weekly basis and was a major contributor to Nifty’s weakness. If Bank Nifty manages to sustain above 59600, a recovery towards 60092 (important Fibonacci level) is likely. A consecutive daily close above 60092 can further extend the rally towards: 60400 60681 On the downside, a break below 58700 may invite a deeper correction towards 58100. Expected Bank Nifty Range for Next Week: 60500 – 58100 S&P 500 Technical View: The S&P 500 ended the week at 6827, down nearly 50 points, once again failing to sustain above the strong resistance at 6882. For the index to restart its upward journey, a consecutive daily close above 6882 is essential. If that happens, upside targets include: 6930 7009 7026 (important Fibonacci level) On the downside, key support levels to watch are: 6795 6729 6600 Market sentiment will also be influenced by Trump’s announcement regarding a potential attack on Venezuela, making global cues extremely important. Bonus Tip for Nifty Traders: In case of a positive opening on Monday, keep a close watch on 26192 — this will act as a crucial intraday and positional level.
NSE:NIFTY
by ssudhirsharma11
Nifty Weekly Outlook – Range Holds, Big Moves Loading?Nifty closed the week at 26186, barely 20 points below the previous close — a classic sign of consolidation before a potential breakout. The index formed a long-legged bearish Hanging Man candle, making this week’s high (26325) and low (25891) the key trigger levels to watch. Once again, Nifty respected my broader range of 26700–25700, showing how well the levels continue to hold. Nifty: Key Levels for Next Week Bullish Trigger: Sustaining above 26325 Target 1: 26492 (Important Fibonacci level) Target 2: 26650 (Major resistance — tough to break) Bearish Trigger: Only if 25891 breaks Support 1: 25750 – bulls’ critical line of defence Expected Range: 26650–25750 Bank Nifty: At a Critical Juncture Bank Nifty ended the week slightly below the key Fibonacci + psychological level of 60087. Next Week Watchlist Above 60100: Resistance zones: 60750 / 60800 Also becomes supportive for Nifty bulls Below Friday’s low (59106): Expect downward pressure Support: 58700 Expected Range: 60800–58700 Macro Trigger: RBI + Liquidity Wave If strong positive cues like: RBI’s expected 25 bps rate cut OMO purchases of ₹1 lakh crore (11 & 18 Dec) USD/INR 3-year Buy-Sell swap worth $5B (16 Dec) → inject liquidity and still Nifty fails to move higher… …then something is wrong, and bulls must stay extremely cautious. S&P 500 Outlook: Bulls Still in Control After last week’s bullish Marubozu, S&P500 added another 20 points. Key Levels Above 6882: Upside targets: 6930 / 7009 / 7026 (major fib confluence) Below 6727: Only a daily close under this level weakens the structure. Bonus Monday Tip Just like last week’s bonus call… 26350 will once again be a tough level for Nifty to break. 🙏 Be Good, Do Good
NSE:NIFTY
by ssudhirsharma11
Nifty Breaks Record High: Will the Rally Continue Next Week? Nifty closed at 26202 marking a fresh all-time high. The index made a high of 26310 and a low of 25842. On the monthly timeframe, Nifty has formed a strong bullish candle and delivered a bullish close, indicating sustained strength on the higher timeframe. As mentioned last week, Nifty once again moved precisely within my projected range of 26600–25600. For the upcoming week, I expect Nifty to trade within 26700–25700 unless a breakout triggers new momentum. Key levels for Nifty: Resistance: 26492 is a strong Fibonacci level. Sustaining above this level can push Nifty towards 26700. Support: 26117 is the first line of defence. Below this, 25700 remains a strong support zone. Bank Nifty continues to lead the market’s upside. The index posted an all-time high weekly close at 59752, with a high of 59897 and a low of 58649. Bank Nifty has now reached a major psychological and Fibonacci level at 60087. Sustaining above this zone can open the path towards 60300 and 60900. Midcap vs Smallcap: A common query is when Midcap and Smallcap will start moving along with Nifty. Currently, the Midcap index is better positioned on the monthly timeframe compared to the Smallcap index. Smallcap investors may need to wait longer or shift focus to stronger opportunities within the Midcap space. S&P 500 outlook: As discussed last week near the 6840 region, S&P 500 has formed a bullish marubozu candle. The upcoming week will be crucial. Above 6885: The index can extend its move towards 6930, 7000, and 7026 (important Fibonacci level). Below 6726: The rally may weaken and pull the index towards 6568 (key Fibonacci support) and 6454. Bonus level for Nifty traders: Monday’s upper range limit is around 26350.
NSE:NIFTY
by ssudhirsharma11
NIFTY WEEKLY OUTLOOK: HOLDS 26000, EYES ON 26277–26600Nifty closed at 26068, staying firmly above the key psychological level of 26000. The index made a high of 26246 and a low of 25856, again respecting my broader range of 26400–25400. Bias: Bullish above 26000, cautious below 25850. If Nifty sustains above 26000, upside continuation towards 26277 (ATH), 26492 (important Fibonacci level), and 26600 remains possible. Below this week’s low of 25856, weakness can extend towards 25600. Expected range for the coming week: 26600–25600 . Sector View: Last week I highlighted strength in PSU Banks, Private Banks, Auto, and Metals. PSU index gave up early gains and closed flat. Auto ended the week 1% higher, showing sustained momentum. Metals fell 3% and closed at the weekly low, signalling pressure. For Nifty to move higher, PSU and Private Banks along with Auto must remain strong. Metals need to avoid fresh weekly lows to prevent broader drag on sentiment. BANKNIFTY WEEKLY OUTLOOK: STRONG CLOSE BUT WITH CAUTION BankNifty posted an all-time high weekly close but formed a shooting star candle, indicating possible exhaustion. If BankNifty sustains above 59267, it can extend towards 60087 (important Fibonacci level). Below 58600, downside may open towards 57800–57700. Expected range: 60000–57700. S&P 500 WEEKLY OUTLOOK: WATCH FOR MONTHLY PATTERN CONFIRMATION S&P500 closed at 6602, down 130 points from last week. If the index sustains above 6700, the uptrend can resume towards 6840, 6881, 6930, and 7000. However, if the monthly candle confirms a bearish engulfing pattern, a 10–14% correction from current levels becomes possible. Traders should consider hedging long positions. Overall Market View: Nifty is holding above a critical level and remains positioned for a breakout if sectors align. BankNifty needs confirmation above 59267 for further upside. Global cues from S&P500 will be important as a bearish monthly pattern could impact risk sentiment.
NSE:NIFTY
by ssudhirsharma11
Nifty, BankNifty & S&P500 Weekly Outlook Nifty closed the week at 25910, posting a strong 418-point gain. Once the index sustained above 25600, it delivered a clean 400-point rally toward 26000, pulled back briefly, and regained strength to close near the highs. Overall Bias: Mildly Bullish As long as Nifty holds above 25600, the structure remains constructive. However, expect volatility near 26000–26400. 📌 Key Levels for Next Week Support: 25600 / 25400 Resistance: 26050 / 26400 Nifty is likely to stay within 25400–26400 . A breakout on either side can trigger sharp directional moves. Bullish sector themes: PSU Banks, Private Banks, Metals, Auto — ideal zones for swing traders. BankNifty Update BankNifty reclaimed 57900, extended a smooth upside move, hit all three bullish targets, and closed at a fresh all-time high of 58517. If it sustains above 58615, upside zones open toward: 59267 60087 (Key Fibonacci level) Continued strength here can act as a strong tailwind for Nifty’s next leg up. S&P 500 Weekly View S&P 500 closed flat at 6734, but the weekly structure still favors a bullish W-pattern. Key Breakout Levels Above 6869: Targets 6959 → 7000 → 7122 Below 6631: Trend weakens, downside opens toward 6350 / 6225 The index is at a decision point — a breakout or breakdown will set the tone globally. Final Take Markets are at crucial levels, and next week will decide who takes control — Bulls or Bears. Which level do you think breaks first — 26400 or 25400?
NSE:NIFTY
by ssudhirsharma11
Weekly Market Outlook: Nifty, BankNifty & S&P 500Nifty (25492) closed ~230 points lower this week, trading between 25803–25318 and once again respecting the broad 26150–25250 range. Price formed a hammer candle near key support at 25300, signaling potential seller exhaustion — however, confirmation is required before expecting a trend reversal. Bullish Confirmation Setup Sustaining above 25600 → opens move toward 26000 Break above hammer high with volume = stronger confirmation Downside / Risk Scenario Structure remains constructive above 25000 Failure below 25000 could extend correction toward 24650–24580 zone As highlighted earlier, November tends to be a corrective month, and a retest of 25150–25200 would be healthy. If Nifty tests and holds this zone, I plan to gradually deploy capital into NiftyBees, MidcapBees & Smallcap ETFs, preparing for the next leg toward new ATHs. BankNifty BankNifty closed at 57876, holding firm above the crucial 57600 support. Bullish Above 57900: Targets → 58249 / 58469 / 58577 / 58900 Risk Below 57450 (2-day close): Possible decline toward 56800 BankNifty continues to act as a trend anchor for Nifty, so levels here remain important. S&P 500 S&P500 ended at 6728, down ~110 points but still forming a potential bullish W-pattern on the weekly chart. Bullish Continuation: > 6780 daily close or > 6920 breakout → Targets: 6959 (Fib) / 7122 Risk Trigger: Monthly low 6550 is key structural support Break below could lead to 6225 / 6013 (Watch Fed tone, yields & VIX alongside price action) 🎯 Key Takeaways Hammer at support — wait for confirmation above 25600 Buy-on-dip zone: 25150–25200 (gradual allocation, not aggressive) BankNifty strength above 57900 crucial for momentum S&P500 near breakout zone — global cues still supportive Next week may define whether bulls defend key supports or we get a deeper correction before the next leg up.
NSE:NIFTY
by ssudhirsharma11
Weekly Market Outlook: Nifty, BankNifty & S&P 500Nifty (25722) slipped ~70 pts this week, staying exactly within my projected range of 26250–25350. The weekly candle formed a shooting star, signalling selling pressure from higher levels. A close below 25711 can extend downside toward 25450–25300. On the upside, only a close above 25860 can open a move toward 26100–26150. BankNifty held firm above 57600, but a dip below 57450 could pull it to 57000–56750. A breakout above 57900 with volume can take it toward 58469–58577 (ATH) — this will be key to any Nifty recovery. S&P 500 closed at an all-time high of 6840, just shy of the crucial Fib level 6959. Sustaining above 6800 can push it to 6920–7009, while a drop below 6780 may trigger a pullback toward 6689/6568. Historically, November brings a healthy 4–7% correction after strong October rallies. So a dip toward Nifty 25150–25200 wouldn’t be surprising — it may just set up the next leg higher. 🔹 Nifty Range: 26150–25250 🔹 BankNifty Key Zone: 57450–57900 🔹 Global Cue: S&P 500 near Fib resistance 6959
NSE:NIFTY
by ssudhirsharma11
Weekly Market Outlook | Nifty, BankNifty & S&P 500 AnalysisNifty closed the week at 25,795, up 86 points from last week’s close — marking another week of resilience within my projected range of 26,200–25,250. This week’s candle looks weak and indecisive, forming near the all-time high zone — a potential signal of short-term fatigue. A break below 25,718 could trigger selling pressure toward support zones at 25,450 / 25,350 / 25,300. However, as long as 25,300 holds, the broader structure remains healthy. On the flip side, if Nifty sustains above 25,900, bulls may once again attempt to test the all-time high resistance at 26,277. 👉 Expected range for next week: 26,250 – 25,350. BankNifty Update: BankNifty delivered a record-breaking all-time high close at 57,699! If it slips below 57,482, it could correct toward 57,000 / 56,750, which may also drag Nifty slightly lower. But a sustained move above 57,900 could fuel another rally toward 58,577 (ATH), providing crucial support for Nifty’s next breakout attempt. S&P 500 (US Markets): The S&P 500 once again posted a new all-time high weekly close at 6,791, perfectly following last week’s outlook where it cleared 6,715 and achieved both upside targets 6,760 / 6,780. Next key levels to watch: Above 6,780 → potential move to 6,930 / 6,959 (important Fibonacci zone) Below 6,750 → watch for pullback toward 6,689 / 6,666 / 6,650 Investors in US equities can now trail their stop-loss near 6,580 and keep adjusting to protect profits as the trend extends. 🎯 Summary: Nifty range: 26,250–25,350 BankNifty: All-time high close, watch 57,900 breakout S&P 500: Bullish momentum intact, eyes on 6,930–6,959 Markets are at crucial inflection levels — next week could decide whether we see fresh breakouts or short-term consolidation.
NSE:NIFTY
by ssudhirsharma11
Weekly Market Wrap: Nifty Eyes All-Time HighsNifty closed the week at 25,709, gaining 400 points from the previous week’s close — marking another strong performance! It made a high of 25,781 and a low of 25,060. As I highlighted last week, Nifty was expected to trade within the 25,700–24,850 range — and while it briefly broke out by 80 points, it closed right back within the range, showing controlled optimism. Technical Outlook: The monthly charts of both Nifty and Bank Nifty are now showing signs of forming a bullish W-pattern, which typically indicates trend reversal and strength. If Nifty manages to sustain above 25,900, we could see it rally towards its all-time high of 26,277, followed by the important Fibonacci level of 26,492. On the downside, a pullback towards 25,450–25,500 could offer a great buy-on-dips opportunity for fresh long positions. Next Week’s Range Expectation: With a holiday-shortened week ahead (holiday on Wednesday and only a 1-hour trading session on Tuesday), expect Nifty to remain range-bound between 26,200–25,250. A breakout beyond these levels could spark some serious fireworks! Big Picture View: I continue to remain optimistic about India’s growth story. Over the coming years, I expect: Nifty to reach 44,000+ Sensex to touch 1,44,000+ Of course, there will be healthy pullbacks and corrections along the way — offering smart investors a chance to accumulate at better valuations. 💡 Investment Ideas: To participate in India’s long-term growth journey, consider systematic investments in: NiftyBees, MidcapBees, SmallCapBees & GoldBees Also, keep an eye on the Banking, Auto, and Infrastructure sectors — all showing strong bullish setups for the next few weeks. Global Markets – S&P 500 Update: The S&P 500 closed at 6,664, up nearly 110 points for the week, forming an inside candle on the weekly chart. A move above 6,715 can push it towards 6,760 / 6,780 / 6,930 / 6,959 (key resistance levels). On the downside, 6,555 and 6,384 are crucial supports — as long as 6,384 holds, it remains a buy-on-dips market for me. Wishing everyone a very Happy & Prosperous Diwali! May this festival of lights bring you wealth, wisdom, and winning trades!
NSE:NIFTY
by ssudhirsharma11
Weekly Market Outlook | Nifty · BankNifty · S&P 500Nifty closed 25,285 (+390 pts) after making 25,330 / 24,881 — once again perfectly respecting my range of 25,300–24,500! 💪 As expected, BankNifty confirmed its W-pattern breakout, jumping 2% — strength clearly visible in the PSU bank pack. Next week focus • Above 25,450 → breakout toward 25,700+ • Below 25,130 → selling pressure till 25,000 / 24,850 Range for the week: 25,700–24,850 Shorters, stay patient — only if BankNifty cracks 55,700 does weakness confirm. Till then, it’s buy-on-dips for me. Global cue: Trump’s proposed 100% China tariff shook US & crypto markets — watch its spillover effect on sentiment. S&P 500 closed 6,552 (-160 pts). Holding above 6,360 = buy-on-dips; Above 6,625 → uptrend resumes. Below 6,360 → correction toward 6,225 / 6,142 / 6,100. Exciting week ahead for both momentum traders & option sellers!
NSE:NIFTY
by ssudhirsharma11
Weekly Market Wrap: Nifty, BankNifty & S&P 500 OutlookNifty closed the week at 24894, gaining 240 points from the previous week. The index made a high of 24904 and a low of 24587, once again respecting the range I mentioned last week — 25050–24250. From the week’s low of 24587, we’ve seen a sharp bounce back toward 24900, exactly as projected. Nifty Outlook for Next Week For the coming week, I expect Nifty to trade between 25300–24500. A breakout or breakdown beyond this range could bring some real fireworks Bullish Scenario: If Nifty sustains above 24900/24950 on Monday, we could see a rally toward 25300, supported by strength in Banking, Financials, and Metal sectors. Bearish Scenario: Below 24750, bears might get an opening to drag Nifty toward 24500 — though, as of now, that looks less likely unless global sentiment weakens. ⚠️ Caution: While short-term momentum looks positive, the monthly and weekly charts of Nifty still lack strong bullish confirmation. Those waiting to capture a big 800–1000-point breakout move should be patient until we see a clear bullish crossover on higher timeframes. Sector Spotlight: Metals As mentioned last week, Metals continued to shine, with the Metal Index up 4% this week! It also gave an all-time high weekly close above 10220, a key breakout level. If it sustains above 10220 next week, the index can rally another 4% toward the next major resistance at 10709. 👉 Keep your eyes on metal stocks hitting new all-time highs (ATHs) — momentum could stay strong here. BankNifty Update BankNifty is forming a W pattern on the weekly timeframe — a strong bullish reversal formation. Stay alert for potential breakouts in leading banking stocks, as they might fuel the next leg of the rally. Global Cues – S&P 500 The S&P 500 gave an all-time high close at 6715, up 72 points from last week. If it sustains above 6700, expect a move toward 6780. For investors already long — move your trailing SL to 6560 to protect profits. For those waiting to enter — 6568/6570 offers a better risk–reward entry zone. Key Takeaways ✅ Nifty range for next week: 25300–24500 ✅ Bulls need 24950+ for continuation; bears only active below 24750 ✅ Metals remain the sector leader ✅ BankNifty W pattern could fuel the next upmove ✅ S&P 500 remains in a strong uptrend — global sentiment supportive
NSE:NIFTY
by ssudhirsharma11
Market Weekly Wrap – Nifty & S&P 500 AnalysisNifty had a tough week, closing at 24654, down 673 points (-2.7%) from last week’s close. This was exactly in line with the downtrend warning I’ve been sharing over the past 3-4 weeks. Key Highlights: Weekly Range: High 25331 – Low 24629 Two-Week Correction: Down 3.15% from the recent high of 25448 Key Support Levels: 24474 / 24500 – watch closely! If Nifty holds 24474/24500, we could see a short-term bounce of 1–2% toward 24950/25000. But below 24300, brace for a deeper correction — Nifty could retest 23185 support levels. Investor Tip: The old saying still applies: "Be greedy when others are fearful." This is a great time to start deploying capital — either by picking fundamentally strong stocks or through SIP/MF/ETF routes. If the market dips further, you’ll get opportunities to average your positions at better prices. Sector to Watch Next Week: METALS — this sector looks strong and can outperform if market sentiment turns positive. My Nifty Range for Next Week: 25050 – 24250 A breakout or breakdown beyond this range could trigger fast, directional moves. US Markets – S&P 500 Update: S&P 500 closed at 6643, down just 20 points, holding strong near its key Fibonacci support at 6568. Upside Levels: Needs to sustain above 6689 for targets at 6780 / 6930 / 6959 Downside Risk: Below 6568, watch for 6502 / 6454 / 6376 Pro Tip: Keep a trailing stop-loss (SL) at 6524 to lock in profits 📌 Key Takeaways: ✅ Market correction was expected – use this opportunity wisely ✅ Watch 24474 support for potential bounce ✅ Metal sector could lead gains next week ✅ S&P 500 holding key support, but keep SLs in place
NSE:NIFTY
by ssudhirsharma11
Weekly Market Outlook – Nifty, BankNifty & S&P 500Nifty ended the week on a positive note, closing at 25,327 – up 213 points from last week’s close. This week’s price action was once again perfectly aligned with my projected range of 25,500 – 24,700, making a high of 25,448 and a low of 25,048. Nifty Outlook for Next Week: I expect Nifty to trade within 25,700 – 24,900. A break below 24,900 could open the doors towards 24,600 / 24,400. Sector Strength Check: Looking at the monthly time frame, none of the major indices look particularly strong right now. On the weekly chart, strength is visible only in selective sectors like Consumption, FMCG, Metals, and a few Auto stocks. ⚠️ Caution: Until we see strength coming back in at least 3–4 major indices, it’s better to stay selective and avoid aggressive long positions. BankNifty Analysis: BankNifty has staged a sharp V-shaped recovery, but I am not fully convinced with this move. Support to watch: 55,000 – a break below this can take it down to 54,700 / 54,600. Resistance to watch: Above this week’s high of 55,835, it can test 56,000 / 56,400. Expected Range: 56,400 – 54,550 India VIX Alert: India VIX is currently near its support zone, which signals possible volatility ahead – so stay cautious. Global Markets – S&P 500: S&P 500 once again gave an all-time high close at 6,671 (+80 points WoW). Breakout Levels: Above 6,671, we could see 6,689 / 6,780 / 6,930 / 6,959 (key level). Investors holding long positions should keep a trailing SL at 6,450 to protect profits.
NSE:NIFTY
by ssudhirsharma11
Nifty Weekly Market Outlook – Bulls on the ChargeNifty closed the week at 25,114 (+373 points 📈), with a high of 25,139 and low of 24,751. As I mentioned last week, Nifty once again played perfectly within my range of 25,100 – 24,300. Now, we are standing at a critical resistance zone of 25,200 – 25,300 – exactly where the market started its downward journey after 21st Aug 2025. 🔑 Key Levels to Watch for Next Week ✅ Bullish Scenario: If Nifty sustains above 25,250, we may see a strong move towards 25,500 / 25,600. ❌ Bearish Scenario: A break below Friday’s low of 25,038 could invite bears back and take Nifty down to 24,700 or even lower. 💡 Pro Tip for Investors Those waiting for a dip to invest might get a chance around 18th / 19th September. But remember – waiting too long often means missing the rally! ✅ Action Plan: 📋 Keep a list of fundamentally strong stocks ready. 📉 If Nifty corrects towards 24,200 / 24,000, start buying in SIP mode – don’t wait for the “perfect bottom.” 🌎 S&P 500 Update S&P 500 closed at 6,584 (+100 points), finally touching the crucial Fib level of 6,568. 📈 Above 6,568: Rally towards 6,959 could start. 🔒 Trailing SL: Move your stop-loss to 6,430 to lock profits and protect gains.
NSE:NIFTY
by ssudhirsharma11
ACN Accenture plc Options Ahead of EarningsIf you haven`t bought ACN before the previous earnings: Now analyzing the options chain and the chart patterns of ACN Accenture plc prior to the earnings report this week, I would consider purchasing the 240usd strike price Puts with an expiration date of 2025-10-17, for a premium of approximately $10.55. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:ACNShort
by TopgOptions
Nifty at a Crossroads – Will W Pattern Hold or Breakdown Ahead?Nifty closed the week at 24,741, up 315 points from the previous close. It touched a high of 24,980 and a low of 24,432, once again moving exactly within my projected range of 24,900 – 23,900. This week, both Nifty and Bank Nifty formed an Inside Candle pattern, making this week’s low of 24,432 a crucial level to watch. A breakdown below it could drag Nifty toward 24,000/23,900. Bullish Possibility – W Pattern on Weekly Chart There’s an interesting W pattern developing on the weekly timeframe. If it plays out, we could see an early-week upside (Mon/Tue) toward 25,100/25,200. However, for a sustained rally, Nifty needs to hold above 25,200 – only then can it test 25,700, which for now looks challenging. ⚠️ My View I’ve been warning about an impending downmove for 2 weeks, and I continue to prepare by hedging my portfolio and making a watchlist of strong stocks to accumulate when the correction comes. The question is – are you ready? US Market Update – S&P500 The S&P500 closed at 6,481, up 21 points from last week, with a high of 6,532 and a low of 6,360. This index is approaching the key Fibonacci level of 6,568. 👉 For US investors: Move your trailing SL to 6,376 to lock in profits. 👉 Consecutive closes above 6,568 could open the doors to the next major level of 6,579 (around 7% higher from current levels). 👉 Until then, keep trailing positions as long as cracks aren’t visible. For Indian investors – brace yourselves, because the road ahead could be volatile and bumpy. Want me to review any index or cryptocurrency for you? Drop it in the comments, and I’ll cover it in my next update!
NSE:NIFTY
by ssudhirsharma11
Nifty at Make-or-Break Zone – Big Move Loading?Nifty ended the week at 24,426, down 444 points from last week’s close. It touched a high of 25,021 and a low of 24,404, once again respecting my projected range of 25,350 – 24,400. Last week, I highlighted the Shooting Star formation and warned about increasing bearish pressure – this week we saw exactly that play out. Now, Nifty is hovering dangerously close to the strong support of 24,400. A daily close below 24,400 could open the gates for a slide towards 24,000 – 23,900. Next Week’s Range Expectation: ➡️ Likely range → 24,900 – 23,900 ➡️ Below 24,400 = 24,000/23,900 possible ➡️ Sideways consolidation for 1–2 weeks also on the table before momentum resumes My View: From the 2nd week of September, I still expect more selling pressure. But before that, big players may try to take markets higher to trap unsuspecting retailers. After all, they need someone to offload their stakes – and who better than us poor retailers 😅. ✅ What Traders & Investors Should Do: Traders: Stay flexible. Be ready for both sideways action and a breakdown. Investors: Use upcoming corrections to load quality stocks at attractive prices. Do your research, keep a watchlist ready, and pounce when the opportunity comes. US Market Update – S&P500 The S&P500 closed at 6,460, almost flat compared to last week. It formed a weak, indecisive candle, signaling hesitation. For bulls to regain control, we need a close above 6,500, which could take the index toward the 6,568 Fibonacci level. On the downside, a break below 6,429 can trigger profit booking, pushing the index toward 6,400/6,373. At 6,373, fresh buyers may step in to drive the next upward leg. Want me to review any index or cryptocurrency for you? Drop it in the comments and I’ll include it in my next update!
NSE:NIFTY
by ssudhirsharma11