Discussion on global economy and financial markets - Page 53

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Viswasruti thumbnail

Union Budget 2025

Posted: 1 years ago

The market remained in negative terrain amid a volatile session, with the Nifty 50 closing with a 14-point loss at 25,797 on October 1, continuing its downtrend for the third consecutive day. Considering the negative crossover in momentum indicators and the formation of lower highs and lower lows, experts believe the index may sustain its downtrend in upcoming sessions. If the index decisively breaks 25,700, then 25,500 can be seen on the downside. In case of a rebound, 25,900-26,000 is the zone to watch. Below are 15 data points gathered to help identify profitable trades:

Support based on pivot points: 25,750, 25,710, and 25,646

Special Formation: The Nifty 50 formed a Doji candlestick pattern on the daily charts, indicating indecision among buyers and sellers regarding the future market trend. The index continued to form lower highs and lower lows, with the momentum indicator RSI (Relative Strength Index) showing a negative crossover on both daily and weekly timeframes. Additionally, a long bearish candlestick pattern has formed on the weekly charts, with a lower high-lower low formation, which is a negative sign.

mishkil88 thumbnail
Posted: 1 years ago
impact of transport strike? No, but the focus is on ME war which is escalating on wider scale.
mishkil88 thumbnail
Posted: 1 years ago

Originally posted by: Viswasruti

The market remained in negative terrain amid a volatile session, with the Nifty 50 closing with a 14-point loss at 25,797 on October 1, continuing its downtrend for the third consecutive day. Considering the negative crossover in momentum indicators and the formation of lower highs and lower lows, experts believe the index may sustain its downtrend in upcoming sessions. If the index decisively breaks 25,700, then 25,500 can be seen on the downside. In case of a rebound, 25,900-26,000 is the zone to watch. Below are 15 data points gathered to help identify profitable trades:

Support based on pivot points: 25,750, 25,710, and 25,646

Special Formation: The Nifty 50 formed a Doji candlestick pattern on the daily charts, indicating indecision among buyers and sellers regarding the future market trend. The index continued to form lower highs and lower lows, with the momentum indicator RSI (Relative Strength Index) showing a negative crossover on both daily and weekly timeframes. Additionally, a long bearish candlestick pattern has formed on the weekly charts, with a lower high-lower low formation, which is a negative sign.

doji pattern generally happens on the days before holiday as bigger players don't like to take any significant positions.
Viswasruti thumbnail

Union Budget 2025

Posted: 1 years ago

Nifty Bank Strategy for Today: Virendra Kumar further said that the first resistance is seen at the level of 25444-25529. While the big resistance is seen at the level of 25627-25674/25721. In this, the first base is seen at the level of 25133-25066/25010. While the big base is seen at the level of 24943-24910/24866.

Indian stock markets closed with a huge decline yesterday on October 3. Due to tension in the Middle East and new F&O rules, the market witnessed an all-round decline. Sensex closed with a huge decline of 1769 points. At the same time, Nifty plunged by 547 points to 25,250. Due to this, investors suffered a loss of more than Rs 9.5 lakh crore today.

Viswasruti thumbnail

Union Budget 2025

Posted: 1 years ago
Why they've taken this drastic decision? They are doing very well at present!

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