• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

Nifty and German 40: Nifty is still on the defensive 

by July 25, 2024
written by July 25, 2024

Nifty and German 40: Nifty is still on the defensive 

This morning, we observed a new bearish gap in the Nifty index, down to the 24200.00 support level.
Since Tuesday, the German 40 index has been in retreat. 

Nifty chart analysis

This morning, we observed a new bearish gap in the Nifty index, down to the 24200.00 support level. Following this, a bullish consolidation was initiated, and the index value recovered to 24415.00. As the market is currently closed, we eagerly await the next session for further continuation. With momentum up to 24500.00, we are climbing above the EMA 50 moving average and are close to testing the weekly open price. The outcome of the next session will be crucial, as it could potentially shift Nifty to the positive side again.

Potential higher targets are the 24600.00 and 24700.00 levels. For the bearish option, Nifty would have to initiate bearish consolidation below the 24300.00 level. With this step, we break the previous bullish formation. This increases the bearish pressure, and the index would have to start retreating to a new low. Potential lower targets are the 24200.00 and 241000.00 levels. Additional support in that zone is the EMA 200 moving average.

 

German 40 chart analysis

Since Tuesday, the German 40 index has been in retreat. After forming a weekly high at the 18645.1 level, the index loses momentum going forward and initiates a pullback from there. Yesterday, we had a bearish gap at the market’s opening that indicated a further retreat. During this morning’s Asian trading session, the German 40 continued to fall, forming a weekly low at 18082.7 levels. Friday’s low was broken, which reinforces the bearish picture.

Potential lower targets are the 18050.0 and 18000.0 levels. For a bullish option, we need a positive consolidation above the 18200.0 level first. Then, we have to stabilize up there. After that, the German 40 index must start a further recovery and return to the bullish side. Potential higher targets are the 18250.0 and 18300.0 levels.

 

The post Nifty and German 40: Nifty is still on the defensive  appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
KJP speaks for first time from White House since Biden dropped out of presidential race: ‘Very personal’
next post
EURGBP and EURCHF: EURCHF is sinking deeper and deeper

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Biden’s former spokesman slams Trump and GOP for ‘colluding to impeach’ judges

    March 20, 2025
  • NASA spent $13M on DEI under Biden while critical mission, quality controls flailed, watchdog group says

    March 12, 2025
  • EXCLUSIVE: Jubilant Mike Johnson claims victory as Florida helps House GOP grow majority

    April 2, 2025
  • Top Biden adviser has been employed for decades at church that gave platform to antisemites: ‘Devil by nature’

    September 12, 2024
  • ‘Is this a joke?’: Rashida Tlaib furious at Blinken for celebrating Geneva Conventions anniversary

    August 13, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,433)
  • Investing (593)
  • Stock (735)

Latest Posts

  • I left the Democrat Party and will do all I can to return Donald Trump to the White House

    August 26, 2024
  • KJP says President Biden still has no plans to pardon Hunter Biden for tax fraud, gun charges

    November 8, 2024
  • Vance preaches unity as tensions boil at House GOP retreat over MIA lawmakers

    January 29, 2025

Recent Posts

  • International press reacts to Trump-Harris debate as world watches ‘fiery debate’

    September 11, 2024
  • Hurricane-hit battleground states face additional voting hurdles in run-up to Election Day

    October 15, 2024
  • Trump envoy meets Putin in Russia as Trump fumes over stalled Ukraine peace talks

    April 11, 2025

Editor’s Pick

  • Temu slashes U.S. ad spending, plummets in App Store rankings after Trump China tariffs

    April 16, 2025
  • China Stocks Strife Due to Economic Slowdown

    August 12, 2024
  • S&P 500 and Nasdaq: Nasdaq in an attempt to consolidate

    July 16, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock