NIFTY WEEKLY Levels from 01st - 05th SEP 025All Plotted and Mentioned on Chart.
Colour code:
Green =. Positive bias.
Red =. Negative bias.
RED in Between Green means Trend Finder / Momentum Change
/ CYCLE Change and Vice Versa.
Notice one thing: HOW LEVELS are Working.
Disclaimer: Study Purpose only.
INDIA50CFD trade ideas
Nifty at Crossroads: Will Tariff Shock Deepen the Fall?The Nifty 50 ended the week at 24,426.85, slipping -1.78%.
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
24,349 to 24,506—This is the critical zone to watch. A decisive move beyond either side may dictate next week’s trend.
🔻 Support Levels
S1: 24,113
S2: 23,800
S3: 23,452
🔺 Resistance Levels
R1: 24,741
R2: 25,056
R3: 25,346
Sentiment Check (Last Week):
Nifty faced heavy profit booking amid global market weakness and concerns over geopolitical uncertainties, especially Trump’s proposed 50% tariff on Indian goods, which rattled investor confidence. While early optimism pushed prices up, sustained selling dragged the index below the pivot zone, signaling caution.
Market Outlook
Bullish Scenario:
If Nifty sustains above 24,506, a recovery move could target R1 (24,741). A decisive breakout above this may extend the rally towards R2 (25,056) and R3 (25,346).
Bearish Scenario:
If the index slips below 24,349, selling pressure may intensify. This could drag Nifty towards S1 (24,113), and further down to S2 (23,800) and S3 (23,452).
Sentiment Outlook:
The market tone has shifted cautious after the breakdown from the pivot zone. Sustaining above 24,506 is key for bulls to regain strength; otherwise, bears may extend control towards deeper support levels. The tariff issue could remain a short-term headwind for Indian equities until clarity emerges on trade negotiations.
Disclaimer: lnkd.in
Detailed analysis of consolidation and growth phases in Nifty. Look at the chart of Nifty carefully. The Circles C1, C2, C3 and C4 show the consolidation phases of Nifty in last 125 Months each time after it makes a new high. Th period between the circles is the growth phase. We will study it carefully and try to derive the conclusions thereoff. To the onset let me tell you that stock market investment are subject to Macro and Micro risks. It is not necessary that the lightning will strike twice at the same spot. But we will use this data and try to measure the statistical possibility of growth and rate at which our investments can grow.
First let us look at Consolidation Phase C1 phase and growth phase that happened thereafter:
C1 Starts in March 2015 when Nifty made a high of 9119. Post that it consolidated for 24 months and came out of consolidation when it gave a closing above previous high in March 2017 when Nifty closed at 9173.
Growth Phase 1 (34 Months) . When Nifty has given a closing above previous high it embarks the journey of growth. It might momentarily go below the past high in some cases but we still consider that whole phase as a growth phase for better understanding and calculation purpose. The next high that Nifty makes is 12430 in January 2020.
Calculations: C1 and Growth Phase 1.
So the actual growth achieved = (12430-9191) = 3311. Which was a 36.3% growth achieved in a Bull Run that lasted 34 months. Which equates to roughly 1.06% Growth per month during the Bull Phase. If you look at the cumulative growth (34 months of bull run + 24 months of consolidation period = 58 months) we get 36.3/58 = 0.62% Growth per month. (During the whole Bull and Bear/Consolidation cycle).
Now let us look at Consolidation Phase C2 phase and growth phase that happened thereafter:
C2 Starts in January 2020 when Nifty made a high of 12430. Post that it consolidated for 10 months and came out of consolidation when it gave a closing above previous high in November 2020 when Nifty closed at 12968.
Growth Phase 2 (11 Months) . When Nifty has given a closing above previous high it embarks the journey of growth. It might momentarily go below the past high in some cases but we still consider that whole phase as a growth phase for better understanding and calculation purpose. The next high that Nifty makes is 18604 in October 21.
Calculations: C2 and Growth Phase 2
So the actual growth achieved = (18604-12430) = 6174. Which was a 49.67% growth achieved in a Bull Run that lasted 11 months. Which equates to roughly 4.5% Growth per month during the Bull Phase. If you look at the cumulative growth (11 months of bull run + 10 months of consolidation period = 21 months) we get 49.67/21 = 2.37% Growth per month. (During the whole Bull and Bear/Consolidation cycle).
Now let us look at Consolidation Phase C3 phase and growth phase that happened thereafter:
C3 Starts in October 2021 when Nifty made a high of 18604. Post that it consolidated for 13 months and came out of consolidation when it gave a closing above previous high in November 2022 when Nifty closed at 18758.
Growth Phase 3 (22 Months). When Nifty has given a closing above previous high it embarks the journey of growth. It might momentarily go below the past high in some cases but we still consider that whole phase as a growth phase for better understanding and calculation purpose. The next high that Nifty makes is 26277 in September 2024.
Calculations: C3 and Growth Phase 3.
So the actual growth achieved = (26277-18604) = 7673. Which was a 41.2% growth achieved in a Bull Run that lasted 22 months. Which equates to roughly 1.87% Growth per month during the Bull phase. If you look at the cumulative growth (22 months of bull run + 13 months of consolidation period = 35 months) we get 41.2/35 = 1.17% Growth per month. (During the whole Bull and Bear/Consolidation cycle).
Right Now we are in C4 which is the consolidation phase which started in September 2024. Next trading day is in September 2025 so we have almost completed 12 months of consolidation phase. When exactly this phase will be over we can not say but let us look at statistical possibility: (Again let me retrate performance of past can not guarantee performance of future but let us see what statistics has to say).
If we look at data from C1, C2 and C3:
Average Consolidation phase length has been 24 (C1) + 10 (C2) + 13 (C3)= 15.6 Months (Almost 12 months have passed so investors should keep the faith and have little more patience).
Average Bull Phase or the Growth phase post completion of Consolidation lasts for 34 (Growth Phase 1) + 11 (Growth Phase 2) + 22 (Growth Phase 3)= 22.33 Months (So there is a huge probability the phase that everyone will enjoy is near by and we are certainly going to be rewarded sooner than later.)
Average Growth during the Growth Phases= 1.06(Growth Phase 1) + 4.5(Growth Phase 2) + 1.87(Growth Phase 3) = 7.43/3 = 2.48% per month.
Average Cumulative Growth considering both Growth phases and Consolidation phase = 0.62(58 Months during C1 and Growth Phase 1) + 2.37(21 months during C2 and Growth Phase 2) + 1.87(35 months of C3 and Growth phase 3) = 4.86/3 = 1.62%.
Conclusion:
/ After every high there is a substantial consolidation phase.
/ If you keep patience during consolidation phase you will be rewarded handsomely by equity market.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. There are a lot of assumptions in data and pure statistics is not applied. We just want to pass on the message that markets have always be rewarding the patient. That does not mean they will continue to do so in future but we are working on probabilities and assumptions here. There can be some mistakes in assumptions and calculations. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Nifty levels - Sep 01, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
NIFTY Intraday Level for 03rd SEP 2025All Plotted and Mentioned on Chart.
Colour code:
Green =. Positive bias.
Red =. Negative bias.
RED in Between Green means Trend Finder / Momentum Change
/ CYCLE Change and Vice Versa.
Notice One thing: HOW LEVELS are Working.
Use any Momentum Indicator / Oscillator as you "USED to" to Take entry.
Disclaimer: Study Purpose only.
NIFTY view for coming daysNifty 50 index view for upcoming sessions.
DAILY Time Frame (TF) -
Trend - Up
Direction - Down (Forming HL)
Upcoming - HL (Tested Extreme HL Zone Once)
2/3/4 Hr TF -
Trend - Up
Direction - Up (Forming HH)
Upcoming - HH(Pending Retracement)
1 Hr TF -
Trend - Uptrend Reversal (To be Downtrend)
Direction - ?
Upcoming - LH (Pending break of previous LL)
15 Min TF -
Trend - Downtrend Reversal (To be Uptrend)
Direction - ?
Upcoming - HL (Pending break of previous HH)
5 mins Uptrend
Summary -
Market is turning Bullish in lower TF
Higher TF like 1 Hr is waiting for LH which maybe formed around 25342 - 25432
Further stretch can also lead index to extend till 25682
Motto is to form a HL which needs to be below 30th June High (25669.35)
Conditions -
LL in 1 Hr is intact (24337.5)
Low in 15 min is intact (24337.5)
Nifty Futures Hourly Trend Analysis for the next 4 Trading DaysBased on my Market Cycles Analysis, I anticipate a bearish trend over the next four trading days, from September 4 to September 9. The likely resistance level is around 25,000, while support is expected near 24,355. Market gaps on either side may alter the price levels, but the overall direction is expected to remain unchanged.
This is just my personal view but not a recommendation to buy or sell. Use your own technical study for entries, exits and risk management.
Nifty Analysis for 29-08-2025
Current Price: NIFTY trading around 24,500.
Key Levels Marked:
Immediate Resistance Zone: ~24,550–24,600 (red box).
Immediate 30-min Bullish Order Block (OB): ~24,350–24,400.
Major Support Zone / 30-min Bullish OB: ~24,000.
Fair Value Gap (FVG): Between ~24,400–24,200.
Future Gap to be Filled: You highlighted 23,218.4 – 22,926.15, which is significantly lower.
View:
Today Expecting sideways consolidation because: Price is inside FVG.
OB at ~24,000 offers strong support.
Gaps below still need to be filled eventually.
My Perspective:
Short-Term (Next Few Sessions): Price is trapped between resistance (~24,600) and support (~24,350).
The drawn zigzag suggests liquidity sweep around 24,500 → test of OB → possible breakdown.
Sideways to slight bearish bias as long as below 24,600.
Medium-Term (1–2 weeks):
If 24,350 breaks decisively, then FVG fill down to 24,200 is likely.
If selling pressure continues, 24,000 major support becomes a critical test.
Strong bounce expected from 24,000 (confluence of OB + psychological round number).
Long-Term (Gap Fill Concern):
The unfilled gap at 23,218 – 22,926 is quite far.
Market may not rush to fill it immediately unless we see broader weakness (global cues).
That level could act as a magnet if 24,000 breaks on high volume.
Probable Scenarios:
Bullish Case: Break & close above 24,600 → rally continuation towards 24,800–25,000.
Base Case (most likely): Sideways between 24,600 resistance and 24,000 support while FVG is mitigated.
Bearish Case: Break below 24,000 → opens 23,600 first, then gap-fill at 23,200–22,900.
Nifty 50 Intraday Strategy 1 Sept., 2025 — Key Levels to WatchNSE:NIFTY The Nifty 50 Index has shown a narrow recovery after testing support levels, and several key levels are providing actionable insights for intraday traders based on the chart.
Nifty 50 Intraday Strategy — Key Levels to Watch
Nifty 50 is currently resisting downside momentum and holding above the Zero Line at 24,427. Bulls should closely monitor the following critical levels for directional bias and trade setup:
Bullish Scenario
Long Entry Zone: Watch for strength above 24,508—this is a key breakout level for upward momentum.
Add Longs: Momentum confirmation can come above 24,489. If Nifty sustains above here, look for targets at 24,531 (Long Tgt 1) and 24,595 (Long Tgt 2).
Long Exit Level: Book profits or trail stops at 24,452 to lock in gains if the move loses steam.
Bearish Scenario
Short Entry Zone: Breakdown below 24,469 signals weakness. Aggressive traders can consider shorts here with targets at 24,323 (Short Tgt 1) and further down to 24,259 (Short Tgt 2).
Short Exit: A reversal above 24,525 should be a stop for short trades.
Neutral/Balanced Zone
The zone between 24,427 (Zero Line) and 24,452 is a no-trade/consolidation area—wait for a clear breakout or breakdown before taking a position.
Trade with discipline: Always use proper position sizing and respect stop levels as marked. Today’s price actions around these levels can offer both intraday breakout and reversal opportunities for active traders.
NIFTY 50 analysis as per your attached chart (15-min timeframe):1. Chart Structure
A Harmonic Pattern has completed near the recent highs, aligning with a Triple Top formation.
Triple top + harmonic completion zone = strong reversal probability.
The market has tested 25,050–25,100 zone multiple times but failed to sustain higher.
Key annotation on chart: “Below 24,900 market will come down.”
2. Key Technical Levels
Immediate Resistance: 25,050 – 25,100 (triple top / harmonic completion zone)
Immediate Support: 24,900 (neckline of triple top)
Breakdown Confirmation: Close below 24,900
Downside Targets:
First: 24,750
Next: 24,500
Extended: 24,200 if selling accelerates
Invalidation: A sustained breakout above 25,100 would negate bearish setup → market could extend toward 25,250–25,300.
3. Pattern Implications
Harmonic Completion: Suggests reversal zone has already been hit.
Triple Top: Classic bearish reversal structure → neckline support at 24,900 is crucial.
Momentum: Weakening near highs, multiple failures to break out = distribution.
4. Trade Outlook
Bias: Bearish (setup is strong if 24,900 breaks)
Entry Zone: Short below 24,900 with confirmation candle (15-min close)
Target Zone: 24,750 → 24,500 → 24,200
Stop Loss: Above 25,100
Risk–Reward: Attractive (R:R approx. 1:3).
5. Conclusion
NIFTY is forming a high-probability reversal setup with Harmonic + Triple Top near 25,050–25,100.
A breakdown below 24,900 will trigger sharp downside momentum, first to 24,750 then 24,500.
Bias remains bearish until 25,100 is decisively broken.
Rating: 9/10 bearish setup
Position Type: Short (index futures/options)
⚠️ Disclaimer:
This analysis is for educational purposes only and not investment advice. Trading involves significant risk. Please consult your financial advisor before making trading decisions.
Nifty September 1st Week AnalysisNifty this week will be crucial , no clear trend on charts right now , important base on the downside is placed between 24072-24000 . While upside momentum to sustain only if nifty crosses and sustains above 24600. This weak move will decide the trend .
All levels are marked in the chart posted.
$NIFTY: Nifty 50 – India’s Market Meltdown or Hidden Gem?(1/9)
Good Morning, folks! ☀️ NSE:NIFTY : Nifty 50 – India’s Market Meltdown or Hidden Gem?
Gift Nifty’s at 22,555, down 65 points, and the index is off 13% since October 2024! Is this a crash landing or a golden ticket in disguise? Let’s unpack the chaos! 🔍
(2/9) – PRICE PERFORMANCE 📊
• Gift Nifty: 22,555, down 65 points (Mar 6, 2025) 💰
• Recent Trend: 13% drop from Oct 2024 highs 📏
• Sector Mood: Autos, real estate dragging, per web reports 🌩️
It’s a bumpy ride, but bargains might be brewing! 🔧
(3/9) – MARKET POSITION 📈
• Index Weight: 50 top Indian firms, 65% of NSE market cap 🏅
• Scope: Spans 13 sectors, from banks to tech ⏳
• Trend: Bearish streak persists, down 13% since Oct 🎯
Still a heavyweight, but feeling the squeeze! 🌐
(4/9) – KEY DEVELOPMENTS 🔑
• Earnings Slowdown: Growth at 5%, down from 20%+ 🔄
• Macro Woes: U.S. tariffs, trade tensions spook investors 🌍
• Market Vibe: Gift Nifty signals a sour start 📋
Tough times, but sectors might shine through! 💡
(5/9) – RISKS IN FOCUS ⚡
• Geopolitics: U.S. tariff threats hit exports 🔍
• Sector Slump: Autos, real estate under pressure 📉
• Volatility: Bearish trend grips tight 🌪️
Rough waters ahead, but storms pass! 🛡️
(6/9) – SWOT: STRENGTHS 💪
• Diversity: 13 sectors, broad economic play 🏆
• Scale: Tracks India’s biggest players 📈
• Value: Potentially undervalued, per web buzz 🔩
A battered champ with fight left! 💼
(7/9) – SWOT: WEAKNESSES & OPPORTUNITIES ⚖️
• Weaknesses: 5% earnings growth, macro drag 📉
• Opportunities: Sector plays in banks, tech shine 📈
Can it dodge the punches and rally? 🤔
(8/9) – 📢Nifty at 22,555 (Gift), down 13%—your call? 🗳️
• Bullish: $24K soon, undervalued steal 🦬
• Neutral: Flatline, risks offset ⚖️
• Bearish: $20K next, bears rule 🐻
Vote below! 👇
(9/9) – FINAL TAKEAWAY 🎯
Nifty’s 13% slide and $116 Gift price signal trouble 📉, but undervalued sectors tease upside 🌱. Volatility’s our mate—dips are DCA fuel 🔥. Buy low, aim high! Hit or miss?
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!
What's next on Nifty?So as we planned NSE:NIFTY had a bearish day. It tried to go higher but then as we analyzed in Monday's weekly commentary, witnessed sharp Sell-on-Rise.
After 24650 the 24500 was the support and we closed today exactly there. No sign of accumulation at this level yet.
Now monthly expiry is done. Time to absorb the volatility. Market will try to stabilize but in the process we may see both side manipulation. So don't freak out and sell on panic.
Now let's paln for tomorrow:
Nifty’s Pivot has now shifted to 24562 with PP being 0.25% which indicates a trendy move in line with the ongoing trend.
Resistance to look out for is 24611 where Sell-on-Rise trades can be planned.
On the downside, 24470 is the support – break of this can extend the fall.
Despite heavy selling, we managed to capture 2 good intraday setups – NSE:OLAELEC (+7.91%) and NSE:WAAREEENER (+4.66%).
Stock on radar for tomorrow: #Auto parts stocks still holding strength. #Banks look weak. Also, keep an eye on selective Pharma stocks – good momentum can come in.
Levels at a glance:
Resistance: 24611
Support: 24470
Pivot: 24562
View: Bearish bias with Sell-on-Rise setup
That will be all for the day. Take care and have a profitable tomorrow.
Nifty still in search of strong bottom. Nifty is still in search of a meaningful bottom to launch a fight back. Few support zones are arriving with monthly closing tomorrow Nifty was able to hold on to 24500 levels as it closed dot on that support. It is was a weak closing today indicating a firm bottom is not established yet. Thus further downside can not be ruled out.
The support zone for Nifty is between 24359 and 24266 as of now. 24266 is the Father line or 200 days EMA. If by chance we get a closing below 24359 the next support will be 24266. If 24266 is broken the next support for Nifty will be at 24016 or 23705.
The resistances for Nifty now remain at 24827 (Mother line resistance) and 24872 (Trend line resistance). Closing above 24872 will open the doors for 25147 and 25477. After closing above 25377 the major medium term resistance will be at 25682. Once we get there we will get a fair idea of levels ahead.
Long term chart of Nifty is still not that bad as it is indicating of a cup and handle breakout once we are able to close above 25682. Once we achieve that in next 1 or 2 quarters the doors for 26K and 27K will open. For that we need clarity on GST reduction proposal and Tariff related issue which is plaguing the markets. The Tariff jolt is massive but industry can overcome it in the long run by looking inwards on local consumption and exploring other overseas markets if US remains defiant in the long run.
As indicated by both US and Indian trade and commerce as well as foreign experts the issue will be eventually solved. Till then boost in local consumption / exploring other markets for India Inc. seems to be the only way out for Indian markets to recover. Long term investors should still look at investing holding on to their investments with a longer outlook. Even if there is a 0.5 or 1% reduction in GDP still India will continue to be a fastest growing market.
Years / Quarters and times like these test resolve of Investors but reward the patient handsomely. So patience is the key. Holding on and reshuffling the portfolio / Fresh investment during such phases always pays the mature investor. Always remember the Great man Warren Buffet's advice which goes like this, "Market is the device where money is transferred from the impatient to the patient."
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NIFTY S/R for 28/8/25Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NIFTY50.....Do we have a new rally?Hello Traders,
the NIFTY50 has increased by 238.80 points, or 0.97%, over the past week.
Additionally, we observed a gap-up, which could be interpreted as a positive sign for the bulls.
Probably, the correction has ended @ 24337/23347 from Monday, August 4th to Friday, August 15th!
In this case, my expectation for new lows below that range was incorrect!
When gaps occur rat chart, no matter if to the up- or downside, some news that haven't been published comes into focus via internet, the press or elsewhere.
So, it might be in this case too.
One bearish opportunity is, that the correction will extend into a triple correction with an x² and wave's z to follow! In this case, the bears will celebrate their victory below 24350 area!
Will the bulls instead start a party and start a rocket, we will favor new ATH in the coming weeks, possibly even by the end of 2025!
Right now, the wave structure is not clear to me, but I expect it to become clearer in the coming days!
My long-term published target is also still valid. It is placed @28905!
I have drawn my ideas at the chart. Blue-colored trend lines means "favorite" expectation, while gray means alternate view!
Have a great week.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
NIFTY50 UPDATEAfter the formation of a diametric pattern, as expected, the NIFTY50 index experienced a strong upward movement. This upward movement concluded with the formation of a Reverse Contracting Triangle pattern. Given the current conditions, two probable scenarios lie ahead for the index:
1- The correction that followed the Reverse Contracting Triangle is wave-b of a larger upward movement, and after the completion of this wave, NIFTY50 will resume its upward trend. Considering the strong movement that occurred after the diametric pattern, it seems likely that this scenario could materialize. In this scenario, the 24337 level will not be broken to the downside.
2- If the price breaks below 24337, we should assume that a double pattern of triangle - X - diametric formed wave-a, and the Reverse Contracting Triangle that followed is wave-b of a larger corrective downward pattern, which could be a neutral or reverse triangle.
Good luck
NEoWave Chart
26 August 2025 Nifty50 trading level Key Levels (25th Aug 2025 Close → 24,978.55)
25,218
🔺 Above 10m closing → Shot Cover Level
🔻 Below 10m → Hold PE by Safe Zone
25,133
🔺 Above 10m → Hold CE by Entry Level
🔻 Below 10m → Hold PE by Risky Zone
25,033
🔺 Above 10m → Positive Trade View
🔻 Below 10m → Negative Trade View
24,940 (Opening Levels)
🔺 Above Opening S1 → 10m Hold CE by Level
🔻 Below Opening R1 → 10m Hold PE by Level
24,840
🔺 Above 10m → Hold CE by Level
🔻 Below 10m → Hold PE by Level
24,738
🔺 Above 10m → Hold CE by Safe Zone
🔻 Below 10m → Unwinding Level