NIFTY50 OUTLOOK FOR THE WEEK SEPTEMBER 29 - OCTOBER 3, 2025 ::-
NIFTY50 OUTLOOK FOR THE WEEK SEPTEMBER 29 - OCTOBER 3, 2025
PRICE ACTION FACTOR : NIFTY50 on Friday formed a LONG BLACK CANDLE of 240 points range. Index closed below the 5 Year Trend line ( PURPLE ) drawn from MARCH 2020 COVID LOW point. In the last TWO months the Index has tested the PURPLE TREND LINE, 3 times including Friday close. 24404 to 24352 zone can act as STRONG SUPPORT
PCR RECORD : 0.78
RSI FACTOR : RSI Count for M, W & D time frames respectively are 61.2, 50.8 and 39.3. This is a SYNCHRONIZED BEARISH CONTINUATION SPREAD. Index to remain weak for the week ahead.
VIEW & TRADE PLAN :: RSI BEING WEAK , BELOW 24646 WE CAN SEE 24533 AND 24404 WHERE 24750 WILL ACT AS A STIFF RESISTANCE. 24404 TO 24352 ZONE CAN ACT AS STRONG SUPPORT FOR THIS JOURNEY.

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