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

Nifty and German 40 Nifty is slowly closing the August gap

by August 22, 2024
written by August 22, 2024

Nifty and German 40 Nifty is slowly closing the August gap

This morning, the Nifty Index reached a new weekly high of 24867.35, continuing its recovery from last week
During this morning’s Asian trading session, the German 40 formed a new weekly high at the 18530.2 level

Nifty chart analysis

This morning, the Nifty Index reached a new weekly high of 24867.35, continuing its recovery from last week. During the Asian trading session, the movement took place in the 24800.00-24850.00 range. The narrow ranking did not give us space to consider the future trend. We expect to see more concrete moves of the Nifty index in the next session. For a bullish option, we need an impulse above this morning’s high to a new weekly high.

That would indicate that we are returning to the bullish side. Potential higher targets are 24900.00 and 25000.00 levels. For a bearish option, we need a negative consolidation and a drop in the index below the 24770.00 daily open price. With that step, we move to the negative side and a new daily low. Potential lower targets are 24600.00 and 24500.00 levels.

 

German 40 chart analysis

During this morning’s Asian trading session, the German 40 formed a new weekly high at the 18530.2 level. So far, the index’s movement has remained high, and we are now at the 18490.0 level. Somehow, we manage to stay above the daily open price on the positive side. We need a continuation of the positive consolidation to return to the previous bullish trend.

Potential higher targets are the 18550.0 and 18600.0 levels. For a bearish option, the German 40 must pull back below the 18400.0 level, which moves below the daily open price and the EMA 50 moving average. After that, we have to continue the pullback and look for a new support level. Potential lower targets are the 18350.0 and 18300.0 levels.

 

The post Nifty and German 40 Nifty is slowly closing the August gap appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
LMDX Stock’s Collapse Worries Investors. What’s Happening?
next post
Target CEO addresses price gouging accusations in retail

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

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

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

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

  • Trump’s legal cases likely to die out amid impending White House return, experts say

    November 25, 2024
  • In a reversal, Disney’s media assets are starting to generate more excitement than its parks

    August 8, 2024
  • How Trump could spare Biden’s renewable energy credits and still cripple his landmark climate bill

    December 20, 2024
  • State Department issues worldwide caution for US travelers following Trump’s Iran strikes

    June 23, 2025
  • Most Americans rate Biden as ‘failed’ or ‘fair’ president: new poll

    January 14, 2025

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

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

    July 19, 2024
  • 3

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

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,034)
  • Investing (634)
  • Stock (925)

Latest Posts

  • Federal judge rules Trump’s firing of head of special counsel was unlawful, will maintain his job

    March 2, 2025
  • Five Indian multibagger penny stocks that stunned markets in 2024 with returns as high as 75,000%

    December 27, 2024
  • Trump-appointed federal judge rules against Biden-era sex-based employment discrimination guidance

    May 16, 2025

Recent Posts

  • Biden’s ‘Woke Green Agenda’ on chopping block as EPA announces ‘most consequential day of deregulation’

    March 12, 2025
  • Trump expected to ‘soon’ appoint a Ukrainian peace envoy after promises of negotiating end to war with Russia

    November 13, 2024
  • Trump announces US ambassador nominations that include mayor of Michigan city

    March 8, 2025

Editor’s Pick

  • SENS. BERNIE SANDERS AND JOSH HAWLEY: Cap credit card interest rates at 10%

    February 13, 2025
  • Europe market open: stocks inch up as trade war fears linger

    April 11, 2025
  • S&P 500 and Nasdaq continue to recover to new highs

    August 20, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

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