NIFTY50 INDIA OUTLOOK FOR SEPTEMBER 8 , 2025 ::-
NIFTY50 INDIA OUTLOOK FOR SEPTEMBER 8 , 2025
NIFTY50 DAILY CHART
NIFTY50 HOURLY CHART
PRICE ACTION FACTOR : NIFTY50 on last Friday opened near 24830 and from there sell off triggered. It has created a LOWER HIGH (LH) in Hourly chart. In Daily chart it has formed a HANGING MAN candle. Favorite to Bears. On Thursday it had tried to break out from long existing Negative RSI divergence, but failed. Next day fall has bounced from shorter newly appeared Positive divergence but till the end failed to close above Purple trend line resistance.
RSI FACTOR : RSI count for Daily and Hourly charts are 49.3, below 50 level with hanging man and 54.6, respectively. Here Shorter time frame RSI counts are lower than Longer time frame. According to RSI, Nifty structure is negative.
VIEW :: NIFTY CAN GO HIGHER ONLY ABOVE 24880-24900 WHILE PLAYING WITH HIGH VOLUME. OTHERWISE IT CAN FALL FURTHER BELOW 24622.


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