PSPILLAI

PSPILLAI

Nifty 50 Daily Chart Analysis – 10th April 2025 1. Price Trend and Structure: Nifty recently faced strong resistance near the 24,000–24,200 zone and has since reversed. The index is moving within a downward sloping channel, confirming a short-term bearish structure. The pattern shows lower highs and lower lows, signaling continued bearish pressure. 2. Fibonacci...

PSPILLAI

**Market Overview** The Nifty 50 index has experienced a significant downtrend since late 2024, with persistent selling pressure driving prices lower. However, recent price action suggests that buyers are attempting to stage a recovery. The question remains: **Is this a real reversal or just a temporary bounce? In this analysis, we’ll break down the technical...

PSPILLAI

**Nifty 50 Daily Chart Analysis & Next Week's Outlook** 🔹 Trend Analysis** - Nifty is still in a **downtrend**, trading within a **descending channel** (marked by parallel trendlines). - Multiple **sell signals** have appeared during the decline, but a recent **buy signal** suggests a potential short-term bounce. - The **price is currently near the lower...

PSPILLAI

Here’s my analysis based on the provided chart: Market Trend & Structure** 1. **Nifty 50 Price Action:** - The index is in a **corrective phase**, as seen from the recent decline. - The price is currently near the lower trendline of the **channel**, indicating potential **support**. - A breakdown below this channel could lead to further downside...