NIFTY INDIA OUTLOOK FOR SEPTEMBER 1, 2025 ::-
NIFTY INDIA OUTLOOK FOR SEPTEMBER 1, 2025 ::-
Major Nifty 50 in Daily time frame forming Head & Shoulder pattern with weaker RSI. On the other hand in Hourly chart a small new positive divergence appeared within the longer existing negative divergence.
RSI count of Nifty for Daily and Hourly chart are 39.1 & 32.4 respectively. Larger time frame RSI is smaller than shorter time frame is a standard indication of existing internal weakness.
Taking consideration of the RSI divergences and counts it appears that a pullback trial will come into the market but through time pullback will be absorbed. Any close only above 24585, last LH formed in the chart can change the course of the near short term trend.
VIEW ::- A Pullback trial would come into play in the market but through time pullback will be absorbed .


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