NIFTY50 INDIA WEEKLY OUTLOOK FOR SEPTEMBER 8 - 12 , 2025 ::-
NIFTY50 INDIA WEEKLY OUTLOOK FOR SEPTEMBER 8 - 12 , 2025 ::-
On Friday NIFTY50 again failed to gain momentum above 24830-880 levels. Today it formed LOWER HIGH (LH), first instance of the break of DOW theory with a HANGING MAN Candlestick in Daily time frame. Again a DOUBLE BOTTOM forming with 8th August low 24337 and 29th Aug low 24404 here. This double bottom pattern will come into force only above it's Neck Line lying at 25154. Far away from current closing.
RSI FACTOR :
In weekly chart it has formed a small Positive divergence wrt 8th and 29th August with weekly closing count 53.1. And in Daily chart closing count was 49.3 within a grip of existing negative divergence.
VIEW : For positive momentum it has to close above 25025. Below this level every bounce will be sold out to form first LOWER LOW below 24622.


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