NIFTY50 INDIA OUTLOOK FOR SEP 11, 2025 ::-
NIFTY50 INDIA OUTLOOK FOR SEP 11, 2025
PRICE ACTION FACTOR : Though NIFTY50 succeeded to cross 24900 yesterday but the crossover is not so strong, that from today we can see uninterrupted bullish move. Because in Daily chart it formed a SPINNING TOP candle near the top of a RISING WEDGE. Above the spin candle there exists another angular NECK LINE resistance. If price succeed to close above the neckline then 8th August and 29th August bottoms will get activated as DOUBLE BOTTOM. This will happen only if we get a close, yes definitely a CLOSE ABOVE 25150 with VOLUME.
RSI FACTOR : RSI count for Daily and Hourly charts are 56.8 & 65.9, bullish synchronized count. Daily RSI chart on the prevailing negative divergent trend line and a new Negative RSI divergence appeared in Hourly chart which is again with longer time span/duration than existing Positive divergence time span.
VIEW :: BULLISH BREAKOUT PUZZLE BECAME TOUGHEST FOR BULLS. ONLY A CLOSE ABOVE 25150 CAN GIVE DIRECTIONAL MOVE UPSIDE.


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