The Indian benchmark indices extended their rally for the third week in a row, reinforcing the ongoing bullish sentiment.
From a technical perspective, Nifty is trading just below its long-term trendline resistance, where it recently lost some steam. Immediate support lies in the 25,200–25,300 zone, while resistance is expected around 25,400–25,500, due to heavy call writing.
On the global front, markets were briefly unsettled after Donald Trump announced a sharp H-1B visa fee hike, triggering concerns for Indian IT companies. However, clarity came soon after — the White House confirmed that the $100,000 fee would apply only to new petitions, not to renewals or existing holders. This eased fears, ensuring minimal impact on ongoing IT operations.
Outlook: Nifty may witness short-term swings amid global uncertainties, but the broader setup still points to an underlying bullish trend.
From a technical perspective, Nifty is trading just below its long-term trendline resistance, where it recently lost some steam. Immediate support lies in the 25,200–25,300 zone, while resistance is expected around 25,400–25,500, due to heavy call writing.
On the global front, markets were briefly unsettled after Donald Trump announced a sharp H-1B visa fee hike, triggering concerns for Indian IT companies. However, clarity came soon after — the White House confirmed that the $100,000 fee would apply only to new petitions, not to renewals or existing holders. This eased fears, ensuring minimal impact on ongoing IT operations.
Outlook: Nifty may witness short-term swings amid global uncertainties, but the broader setup still points to an underlying bullish trend.
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🌐 goodluckcapital.com
🎖️ SEBI registered INH300006582
🎖️ CMT(usa) & CFTe(usa) chartered
🎖️ NSE certified professionals
📈 Trading and Investment Advice
t.me/GoodluckCapital
🤝 Contact Us
bio.link/GoodluckCapital
🎖️ SEBI registered INH300006582
🎖️ CMT(usa) & CFTe(usa) chartered
🎖️ NSE certified professionals
📈 Trading and Investment Advice
t.me/GoodluckCapital
🤝 Contact Us
bio.link/GoodluckCapital
相关出版物
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。