{"id":1715,"date":"2024-09-03T18:04:25","date_gmt":"2024-09-03T18:04:25","guid":{"rendered":"https:\/\/investingsstrategist.com\/index.php\/2024\/09\/03\/nifty-continues-to-make-new-all-time-highs-this-week-as-well\/"},"modified":"2024-09-03T18:04:25","modified_gmt":"2024-09-03T18:04:25","slug":"nifty-continues-to-make-new-all-time-highs-this-week-as-well","status":"publish","type":"post","link":"https:\/\/investingsstrategist.com\/index.php\/2024\/09\/03\/nifty-continues-to-make-new-all-time-highs-this-week-as-well\/","title":{"rendered":"Nifty continues to make new all-time highs this week as well"},"content":{"rendered":"<div>\n<div><\/div>\n<h1>Nifty continues to make new all-time highs this week as well<\/h1>\n<p><span>At market opening on Monday, the Nifty index surged to a new all-time high of 25333.65<\/span><br \/>\n<span>During this morning\u2019s Asian trading session, the German 40 index made a significant move, rising to the 18998.6 level, a new high for the week<\/span><\/p>\n<h2>Nifty chart analysis<\/h2>\n<p><span>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\u2019ve managed to hold above the support level is a positive sign, suggesting a <a href=\"https:\/\/www.financebrokerage.com\/sp-500-and-nasdaq-sp-500-faces-resistance-this-morning\/\">potential<\/a> for profit on the bullish side. A break above this week\u2019s high could lead to even higher gains.<\/span><\/p>\n<p><span>There are potential higher targets at the 25350.00 and 25400.00 levels, but it\u2019s 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.<\/span><\/p>\n<\/p>\n<p>\u00a0<\/p>\n<h2>German 40 chart analysis<\/h2>\n<p><span>During this morning\u2019s 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\u2019s high.<\/span><\/p>\n<p><span>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\u2019s 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.<\/span><\/p>\n<\/p>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/www.financebrokerage.com\/nifty-continues-to-make-new-all-time-highs-this-week-as-well\/\">Nifty continues to make new all-time highs this week as well<\/a> appeared first on <a href=\"https:\/\/www.financebrokerage.com\/\">FinanceBrokerage<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":1716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/1715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/comments?post=1715"}],"version-history":[{"count":0,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/1715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media\/1716"}],"wp:attachment":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=1715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=1715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=1715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}