Updated for-Sep/09/2024 ??

Nifty closed on a closed on a bear note at 24852level .So today on upside first intra resistance is at 24952-47 Next resistance are 25000-05,25053-48,25160-65,25220-25,25312-17,25366-71,25460-65,25593-98 level. On downside first support is at 24751-46 next support are at 24700-95,24650-45,24540-35,24483-78,24391-86,24340-35, 24299-95,24114-09,24046-41,24007-02,23900-95,23834-29,23773-68,23683-78,23569-64,23448-43,23394-99,23328-23, 23223-18,23163-58 level.

So today for intraday on upside intra resistance are at 24947 and 25005 level and On downside be alert below 24746 and avoid all longs below 24695 level as selling may intensify below that level .

Have a look at weekly trend.
Positional Support for NIFTY 24656 24629 24530 24223 23594 22578and positional Resistance for NIFTY is 25043 25172 .
Intraday Resistance of NIFTY are 25053.4 : 25220.4 : 25089.2 : 25122.1
Intraday Support of NIFTY are 24650.9 : 24483.9 : 24616.2 : 24583.6

Indian benchmark indices Sensex and Nifty 50 are likely to open lower on September 9, tracking cues from GIFT Nifty trading near 24,830.5, a short while ago this morning.

Indian markets ended lower for the third consecutive session on September 6, with Nifty falling near 24,800 while the Sensex broke 81,000-mark ahead of the US jobs data, set to be released later today.

At close, the Sensex was down 1,017.23 points or 1.24 percent at 81,183.93, and the Nifty was down 292.95 points or 1.17 percent at 24,852.15.

GIFT Nifty (Down)

The GIFT Nifty is trading lower, indicating a negative start for the day. Nifty futures were trading at 24,830.5 at 07:00 am IST.

Asian Equities (Down)

Asian share markets slid on Monday after worries about a possible US economic downturn slugged Wall Street, while dragging bond yields and commodity prices lower as investors avoided risk assets for safer harbours.

US Equities (Down)

US stocks fell on Friday, weighed down by a jobs report that showed a continued labor market slowdown but left traders uncertain about how far the Federal Reserve will go in cutting interest rates.

All three main indexes were lower, with the 11 sectors of the benchmark S&P 500 losing ground led by declines in communication services, consumer discretionary and technology equities.

The S&P 500 and the Dow had their biggest weekly drop since March 2023, with the Nasdaq registering its biggest weekly drop since January 2022.

US Labor Department data showed US employers added 142,000 jobs in August, shy of analyst expectations, while jobs growth for July was revised down to 89,000, also below estimates.

The Dow Jones Industrial Average fell 410.34 points, or 1.01%, to 40,345.41, the S&P 500 lost 94.99 points, or 1.73%, to 5,408.42 and the Nasdaq Composite lost 436.83 points, or 2.55%, to 16,690.83.

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?HAVE A GREAT ND PROFITABLE DAY?

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?HAVE A GREAT ND PROFITABLE DAY?

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Updated for-Sep/04/2024 ??

Nifty closed on a closed on a bull note at 25279 level .So today on upside first intra resistance is at 25327-32 Next resistance are 25387-92,25440-45,25518-23,25593-98 level. On downside first support is at 25232-27 next support are at 25172-67,25075-70,24967-62,24923-18,24858-53,24804-99,24740-35,24677-72,24587-82,24512-07,24385-80,24340-35, 24265-60,24114-09,24046-41,24007-02,23900-95,23834-29,23773-68,23683-78,23569-64,23448-43,23394-99,23328-23, 23223-18,23163-58 level.

So today for intraday on upside intra resistance are at 25332 and 25392 level and On downside be alert below 25227 and avoid all longs below 25167 level as selling may intensify below that level .

Have a look at weekly trend
Positional Support for NIFTY 24993 24785 24641 24576 24442 2411823522 22496 and positional Immediate resistance for NIFTY is 25385.
Intraday Resistance of NIFTY are 25326.9 : 25365.9 : 25518.9 : 25552.1
Intraday Support of NIFTY are 25232.8 : 25193.8 : 25041.9 : 25009

Updated for-Aug/30/2024 ??

Nifty closed on a closed on a bull note at 25151 level .So today on upside first intra resistance is at 25205-10 Next resistance are 25258-63,25347-52,25396-01,25445-50 level.

On downside first support is at 25098-93 next support are at 25045-40,24956-51,24907-02,24858-53,24804-99,24740-35,24677-72,24587-82,24512-07,24385-80,24340-35, 24265-60,24114-09,24046-41,24007-02,23900-95,23834-29,23773-68,23683-78,23569-64,23448-43,23394-99,23328-23, 23223-18,23163-58 level. So today for intraday on upside intra resistance are at 25210 and 25263 level and On downside be alert below 25093 and avoid all longs below 25040 level as selling may intensify below that level .

Have a look at weekly trend.
Positional Support for NIFTY 24795 24589 24572 24499 24339 2400623439 22408 and positional Immediate resistance for NIFTY is 25243.
Intraday Resistance of NIFTY are 25258.8 : 25347.5 : 25390.4 : 25423.6
Intraday Support of NIFTY are 25045.1 : 24956.4 : 24914.6 : 24881.8

Indian benchmark indices Sensex and Nifty 50 are likely to start higher on August 30, tracking cues from GIFT Nifty trading near 25,288.5, a short while ago this morning.

Indian benchmark indices extended the previous session's gains to end at fresh record high on August 29, led by heavyweights including Reliance Industries after the company announced to consider bonus share issue on September 5.

At close, the Sensex was up 349.05 points or 0.43 percent at 82,134.61, and the Nifty was up 99.60 points or 0.40 percent at 25,152.

GIFT Nifty (Gains)

The GIFT Nifty is trading higher, indicating a positive start for the day. Nifty futures were trading at 25,288.5 at 07:10 am IST.

Asian Equities (Gain)

Asian markets were trading higher in the early part on Friday after economic data from the US calmed recessionary fears, while investors also assessed a slew of data from Japan.

US Equities (Mixed)

The Dow notched a record high close on Thursday in mixed trading following robust U.S. economic data, while artificial intelligence chipmaker Nvidia dropped after its largely in-line forecast failed to impress investors.

The U.S. economy grew faster than initial estimates due to strong consumer spending, the Commerce Department reported, supporting expectations the U.S. is likely to avoid a recession.

The Dow Jones Industrial Average rose 0.59% to 41,335.05 points, an all-time closing high. The S&P 500 index ended barely changed at 5,591.96 points, just below its July record high close as expectations for a September interest rate cut remained robust.

The Nasdaq declined 0.23% to 17,516.43 points.

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