Nifty 50 EndeksiSatış
Nifty Outlook for 2025: Are We Entering a Bear Market?
As the selling pressure in Nifty persists, the big question is: will it reverse course and hit new highs, or are we heading for a deeper downturn in 2025? Let’s set aside the noise about why FIIs are selling, DIIs buying, or other market triggers, and focus on what the charts are telling us.
What the Charts Say
After reaching an all-time high of 26,277.35 on 27th September 2024, Nifty corrected by 11.50%, dropping to 23,263.15 on 21st November 2024. This decline broke the Higher High - Higher Low pattern when it fell below the previous low of 23,893.70 (formed on 5th August 2024). Nifty retraced to make a high of 24,857.75 on 5th December 2024, only to resume its decline.
As of 20th December 2024, Nifty closed at 23,587.50, and a break below 23,263 could confirm the start of a Lower High - Lower Low pattern, signalling a potential bearish trend.
Key Zones to Watch
- Resistance Levels:
Strong Weekly Resistance: 24,567.65 - 25,234.05
Near Daily Resistance Zones: 24,149.85 - 24,394.45 and 24,601.75 - 24,781.25
- Support Levels:
Near Support: 22,640 - 22,910
Far Support: 21,281 (previous major low from 4th June 2024)
Trends & Insights
The Weekly and Daily Trends (50 SMA) remain sideways, indicating uncertainty.
To confirm a bullish revival, the Nifty must break and sustain above 25,000 - 25,250. Until then, the market appears to favour a "Sell-on-Rise" strategy.
A fall below 22,640 could lead to further downside, with 21,281 emerging as a critical support zone.
Final Thoughts
The coming days are crucial. The market’s direction hinges on whether Nifty can defend key support levels or succumb to the pressure and form a Lower High - Lower Low pattern.
What’s your take on Nifty’s outlook for 2025? Share your views in the comments below – let’s discuss! 👇
What the Charts Say
After reaching an all-time high of 26,277.35 on 27th September 2024, Nifty corrected by 11.50%, dropping to 23,263.15 on 21st November 2024. This decline broke the Higher High - Higher Low pattern when it fell below the previous low of 23,893.70 (formed on 5th August 2024). Nifty retraced to make a high of 24,857.75 on 5th December 2024, only to resume its decline.
As of 20th December 2024, Nifty closed at 23,587.50, and a break below 23,263 could confirm the start of a Lower High - Lower Low pattern, signalling a potential bearish trend.
Key Zones to Watch
- Resistance Levels:
Strong Weekly Resistance: 24,567.65 - 25,234.05
Near Daily Resistance Zones: 24,149.85 - 24,394.45 and 24,601.75 - 24,781.25
- Support Levels:
Near Support: 22,640 - 22,910
Far Support: 21,281 (previous major low from 4th June 2024)
Trends & Insights
The Weekly and Daily Trends (50 SMA) remain sideways, indicating uncertainty.
To confirm a bullish revival, the Nifty must break and sustain above 25,000 - 25,250. Until then, the market appears to favour a "Sell-on-Rise" strategy.
A fall below 22,640 could lead to further downside, with 21,281 emerging as a critical support zone.
Final Thoughts
The coming days are crucial. The market’s direction hinges on whether Nifty can defend key support levels or succumb to the pressure and form a Lower High - Lower Low pattern.
What’s your take on Nifty’s outlook for 2025? Share your views in the comments below – let’s discuss! 👇
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