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.
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.
การซื้อขายยังคงดำเนินอยู่
Monday’s upper range limit is around 26350. Hope someone took benefit of it, Monday's high was 26325
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน