Nifty on a decline mode because of new Tariff's imposed by Trump mainly on Pharma this week.
Primarily New announcement on IT - H1 B Visa and Tax for Outsourcing IT and the recent pharma tarrifs are the concern.
Use the dips (Opportunity) and buy through SIP or through multiple parcel in this uncertain times with a goal of 3-5 years.
Nifty Short Term Supports:
1. 24500 ( Trend Line as shown )
2. 24000-24170 (Fibonacci Retracements Supports- Two Supports in this zone 24116 & 24171 as shown)
Medium Term Support:
3. 23500-23700 ( Fibonacci Retracements Supports- Two Supports in this zone 23608 & 23707 as shown)
4. 23000
Resistance:
1. 25000
2. 25200 ( 25154 Aug 2025 high)
3. 25500 ( 25441 Sep 18th 2025 High )
Medium Term:
1.25670 ( Jun 2025 High)
2.26269 ( Sep 2024 High)
Primarily New announcement on IT - H1 B Visa and Tax for Outsourcing IT and the recent pharma tarrifs are the concern.
Use the dips (Opportunity) and buy through SIP or through multiple parcel in this uncertain times with a goal of 3-5 years.
Nifty Short Term Supports:
1. 24500 ( Trend Line as shown )
2. 24000-24170 (Fibonacci Retracements Supports- Two Supports in this zone 24116 & 24171 as shown)
Medium Term Support:
3. 23500-23700 ( Fibonacci Retracements Supports- Two Supports in this zone 23608 & 23707 as shown)
4. 23000
Resistance:
1. 25000
2. 25200 ( 25154 Aug 2025 high)
3. 25500 ( 25441 Sep 18th 2025 High )
Medium Term:
1.25670 ( Jun 2025 High)
2.26269 ( Sep 2024 High)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.