Nifty Short & Medium Term Support&Resistance_5-Oct to 10-Oct-25
Nifty very well hold the 24500 Support and currently near to the trend line support (as drawn) as mentioned last week.
Repo rate reduction by RBI boosted the market as there will be more liquidity in the market and it will aid more loan disbursal. But there is a small concern is FD rate reduction and inflation may go little higher.
Last two days trade reflected it and market moved up, one more positive decisive break can take to short term resistance.
Quarterly result and Tariffs deal will decide the future path of the Nifty. Since it is a Volatile situation SIP route or buy in multiple parcel route with a goal of 3-5 years will workout.
Since FD rate reduction, people may have to choose Debt/Commodity/Equity as alternate in order to beat the inflation.
Apart from that Low Cost ULIPs (2.5 L Limit per person) as one of the option to save the tax- ICICI & HDFC ULIPs are doing well, ULIPs are simplified and charges are lesser compared to MFs in terms of long term, Various fund option including passive funds are introduced.
Market was on decline/ Consolidation mode recently because of new Tariff's imposed by Trump mainly on Pharma and IT - H1 B Visa and Tax for Outsourcing IT and the recent pharma tarrifs imposition.
GST 2.0 is a reform which can aid in Auto/ FMCG / Home Appliances sales will get a boost due to the festival season.
Since market is volatile, use the dips (Opportunity) and buy through SIP or through multiple parcel in these 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 ( Multiple Resistances are there between 25000-25650):
1. 25000
2. 25200 ( 25154 Aug 2025 high)
3.25350 ( Fibonacci resistance shown )
3. 25500 ( 25441 Sep 18th 2025 High )
Medium Term:
1.25670 ( Jun 2025 High) Should cross this resistance in short term decisively inorder to move up.
2.26269 ( Sep 2024 High)
Nifty very well hold the 24500 Support and currently near to the trend line support (as drawn) as mentioned last week.
Repo rate reduction by RBI boosted the market as there will be more liquidity in the market and it will aid more loan disbursal. But there is a small concern is FD rate reduction and inflation may go little higher.
Last two days trade reflected it and market moved up, one more positive decisive break can take to short term resistance.
Quarterly result and Tariffs deal will decide the future path of the Nifty. Since it is a Volatile situation SIP route or buy in multiple parcel route with a goal of 3-5 years will workout.
Since FD rate reduction, people may have to choose Debt/Commodity/Equity as alternate in order to beat the inflation.
Apart from that Low Cost ULIPs (2.5 L Limit per person) as one of the option to save the tax- ICICI & HDFC ULIPs are doing well, ULIPs are simplified and charges are lesser compared to MFs in terms of long term, Various fund option including passive funds are introduced.
Market was on decline/ Consolidation mode recently because of new Tariff's imposed by Trump mainly on Pharma and IT - H1 B Visa and Tax for Outsourcing IT and the recent pharma tarrifs imposition.
GST 2.0 is a reform which can aid in Auto/ FMCG / Home Appliances sales will get a boost due to the festival season.
Since market is volatile, use the dips (Opportunity) and buy through SIP or through multiple parcel in these 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 ( Multiple Resistances are there between 25000-25650):
1. 25000
2. 25200 ( 25154 Aug 2025 high)
3.25350 ( Fibonacci resistance shown )
3. 25500 ( 25441 Sep 18th 2025 High )
Medium Term:
1.25670 ( Jun 2025 High) Should cross this resistance in short term decisively inorder to move up.
2.26269 ( Sep 2024 High)
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน