NIFTY50 INDIA OUTLOOK FOR THE WEEK SEPTEMBER 15 - 19, 2025 ::-
NIFTY DAILY CHART
PRICE ACTION FACTOR : On Friday Nifty50 ultimately closed above the neckline of DOUBLE BOTTOM ( appeared in chart on August 8 and 29 respectively ) with a SPINNING TOP in Daily Chart where importantly PCR (Put Call Ratio ) stands @ 1.2 . A Close above 24152 confirms Double Bottom Break Out. In Hourly chart price moving right along the trend line likely through a descending triangle.
RSI FACTOR : RSI count for W, D, 3H, 1H charts are 57, 61, 69 and 72.3 respectively. High Bullish Synchronized count. In Hourly chart a newly appeared negative divergence in play.
VIEW :: Longer candles are very likely to form with existing Price & RSI formations to get out from congestion. Starting with a Gap Up open likely on Monday. Positive trend only closing above 24150-180 range.


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