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

Nifty continues to make new all-time highs this week as well

by September 3, 2024
written by September 3, 2024

Nifty continues to make new all-time highs this week as well

At market opening on Monday, the Nifty index surged to a new all-time high of 25333.65
During this morning’s Asian trading session, the German 40 index made a significant move, rising to the 18998.6 level, a new high for the week

Nifty chart analysis

At market opening on Monday, the Nifty index surged to a new all-time high of 25333.65. The movement has been steady in the 25235.00-25320.00 range, with indices showing a slow but consistent rise. The fact that we’ve managed to hold above the support level is a positive sign, suggesting a potential for profit on the bullish side. A break above this week’s high could lead to even higher gains.

There are potential higher targets at the 25350.00 and 25400.00 levels, but it’s important to consider the bearish option. A negative consolidation and pullback below the weekly open price could lead to a new weekly low, increasing the pressure on the Nifty to continue its retreat. Potential lower targets are 25200.0 and 25150.0 levels, so caution is advised.

 

German 40 chart analysis

During this morning’s Asian trading session, the German 40 index made a significant move, rising to the 18998.6 level, a new high for the week. Shortly after, a pullback to support at the 18830.0 level was initiated. The index found new support and pulled back to 18885.0. The focus now is on a potential continuation to the bullish side and a return above the weekly open price, which would bring us closer to testing this morning’s high.

Potential higher targets are the 19050.0 and 19100.0 levels. For a bearish option, we need a negative consolidation of the German 40 index below today’s low. This confirms the continuation of the bearish side and the formation of a new daily low. Potential lower targets are the 18800.0 and 18750.0 levels. The EMA 200 moving average could provide support if we go back to the 18700.0 level.

 

The post Nifty continues to make new all-time highs this week as well appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
USDCAD and USDCNH: USDCAD erased last week’s losses
next post
S&P 500 and Nasdaq: S&P 500 faces resistance this morning

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

  • Over 150 lawmakers lend support to resistance movement inside Iran as regime’s proxies fall

    February 26, 2025
  • Ethereum price in a bullish rally at the start of this week

    July 29, 2024
  • Biden’s ‘Woke Green Agenda’ on chopping block as EPA announces ‘most consequential day of deregulation’

    March 12, 2025
  • Pro-Gaza candidates elected despite gender segregation, antisemitism controversies

    May 3, 2025
  • Hegseth bans future trans soldiers, makes sweeping changes for current ones

    February 10, 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 (5,785)
  • Investing (634)
  • Stock (893)

Latest Posts

  • Netanyahu’s meeting at White House up in the air as Biden recovers from COVID: report

    July 22, 2024
  • Romania’s now-barred presidential frontrunner Călin Georgescu claims he is facing Trump-like charges

    March 11, 2025
  • Pedophiles could see death penalty under new House GOP bill: ‘Taken off the streets permanently’

    January 14, 2025

Recent Posts

  • Nifty and German 40: Nifty rises unstoppably to new high

    July 18, 2024
  • Biden is on the way out and Trump is taking the wheel. Welcome back, America

    January 17, 2025
  • Why Trump’s iPhone tariff threat might not be enough to bring production to the U.S.

    May 25, 2025

Editor’s Pick

  • Gold and silver: gold faces a new challenge at $2400

    August 7, 2024
  • Trump’s ‘Make America Healthy Again’ commission to target autism, chronic diseases

    February 13, 2025
  • Democrats project doom and gloom, not celebration, with July 4 messages

    July 5, 2025
  • 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