Connect with us

Hi, what are you looking for?

The Freedom RightThe Freedom Right

Economy

Nifty index continues to rise, German 40 forms a new high

Nifty index continues to rise, German 40 forms a new high

The Nifty index continues to rise, climbing to 22252.50 levels yesterday. 
This week we watched the bullish trend of the German 40 index until forming a new high at 17389.1. 

Nifty index chart analysis

The Nifty index continues to rise, climbing to 22252.50 levels yesterday. A new all-time high was formed at that level. After that, the value of the index retreated to support at the 21900.00 level. From there, we start a new bullish consolidation, climb up, and confirm the ATH at the 22252.50 level.

The Indian market is currently closed, but we expect to see a jump above and the formation of a new high at the opening of the next day. Potential higher target us 22300.00 and 22400.00 levels.

We need a new pullback to the 21900.00 support level for a bearish option. A fall below would mean we are under pressure and will see a pullback in the Nifty index. Potential lower targets are 21800.00 and 21700.00 levels.

German 40 index chart analysis

This week we watched the bullish trend of the German 40 index until forming a new high at 17389.1. On Monday and Tuesday, the movement of the index was sideways in the 17040.0-17100.0 range.

On Wednesday, we see how the price starts to rise, reinforcing the bullish consolidation, and by the end of the day, we have climbed to the 17222.0 level. During this morning’s Asian session, the index continues the previous trend and rises to this week’s high.

After that, German 40 retreated to 17280.0, getting new support and starting a new jump. We are very close to breaking above and forming a new German 40 index value. Potential higher targets are 17400.0 and 17420.0 levels.

The post Nifty index continues to rise, German 40 forms a new high appeared first on FinanceBrokerage.

Enter Your Information Below To Receive 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!

    You May Also Like

    Stock

    A second delivery driver has died in Texas amid record-high temperatures, just as the regulation of workplace heat safety enters a new legal limbo...

    Investing

    Political advisers to both President Biden and Vice President Harris were reportedly annoyed with Democrat California Gov. Gavin Newsom over a planned debate with...

    Editor's Pick

    By the IoT Analytics team. A new report from IoT Analytics highlights eight notable trends helping to advance and promote digital twins. Four of...

    Investing

    Vermont Sen. Bernie Sanders, 81, defended President Biden, 80, against voter critiques that he lacks the energy and vigor to continue leading the United...

    Disclaimer: thefreedomright.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 © 2020-2024 The Freedom Right. All Rights Reserved