Nifty50 Has given a cup& handle breakout and has already retested this breakout.
Currently, it is hovering near ATH and already looks ready for a breakout.
If this breakout sustains, we might see a good rally coming till budget(Feb'26) and levels to watch according to fib are 27500, 28150 & 29000.
However, December is a favourite season for FIIs to offload money and a correction is historically seen during Christmas season. So, there is a high probability of a bull trap formation as well.
25300 will be a crucial support for Nifty. a breakdown of this level will be confirmation of bull trap and we might see a sharp fall towards 24000 level.
I will suggest to keep a watch on Nifty price action if you have any swing trades open.
Currently, it is hovering near ATH and already looks ready for a breakout.
If this breakout sustains, we might see a good rally coming till budget(Feb'26) and levels to watch according to fib are 27500, 28150 & 29000.
However, December is a favourite season for FIIs to offload money and a correction is historically seen during Christmas season. So, there is a high probability of a bull trap formation as well.
25300 will be a crucial support for Nifty. a breakdown of this level will be confirmation of bull trap and we might see a sharp fall towards 24000 level.
I will suggest to keep a watch on Nifty price action if you have any swing trades open.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.