Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Investing

Nifty and German 40 Nifty is slowly closing the August gap

by August 22, 2024
August 22, 2024
Nifty and German 40 Nifty is slowly closing the August gap

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
FacebookTwitterGoogle +Pinterest
previous post
Fed Rate-Cut Awaited in September: Officials Stance 
next post
FTSE All Share Index: The UK’s Market Barometer

You may also like

Gold and silver: gold enters a certain consolidation...

August 16, 2024

Euro index and yen: The euro is losing...

August 22, 2024

Disney+ Terms Cited to Block Allergy Death Lawsuit

August 15, 2024

Dell Stock Beyond the Expectations: Q2 Highlights

August 30, 2024

Solana and Cardano: Solana loses momentum again

September 3, 2024

The dollar index fell to a new annual...

August 23, 2024

S&P 500 Slide 0.48% as Wall Street Weighs...

October 31, 2024

Rent the Runway: Fashion Leader with Stock on...

August 27, 2024

Gold and silver: Gold fell to a seven-day...

September 2, 2024

Fed Rate-Cut Awaited in September: Officials Stance 

August 22, 2024

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

      July 8, 2025
    • Bondi under siege after DOJ reveals no Epstein client list

      July 7, 2025
    • Over 158 million Americans voted in 2024 as Trump reclaimed the White House

      July 7, 2025
    • US ends terrorist designation of Syrian militant leaders

      July 7, 2025
    • Sen. Steve Daines says regime change is the best long-term plan in Iran

      July 7, 2025
    • Biden aides pushed for early debate to show off Biden’s ‘strength,’ expose Trump’s ‘weakness,’ book says

      July 7, 2025

    Categories

    • Business (707)
    • Investing (661)
    • Politics (4,813)
    • World News (3,189)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.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 © 2024 WhaleLargeCapital.com | All Rights Reserved