Elearnmarkets - Financial Market Learning
  • Categories
    • Basic Finance
    • Derivatives
      • Futures
      • Options
    • Financial Planning
    • Fundamental Analysis
    • Technical Analysis
    • Marketshala
    • Miscellaneous
  • Language
    • English
    • Hindi
    • Bengali
No Result
View All Result
  • Courses
  • Webinars
  • Stories
Elearnmarkets - Learn Stock Market, trading, investing for Free
  • Categories
    • Basic Finance
    • Derivatives
      • Futures
      • Options
    • Financial Planning
    • Fundamental Analysis
    • Technical Analysis
    • Marketshala
    • Miscellaneous
  • Language
    • English
    • Hindi
    • Bengali
No Result
View All Result
  • Courses
  • Webinars
  • Stories
Elearnmarkets - Learn Stock Market, trading, investing for Free
No Result
View All Result
Home Miscellaneous
Nifty hits record high amid US-Iran tension and closed above 12250 1

Nifty hits record high amid US-Iran tension and closed above 12250

Elearnmarkets by Elearnmarkets
August 24, 2023
in Miscellaneous
Reading Time: 3 mins read
0
129
VIEWS
Share on FacebookShare on XShare on WhatsApp

The market started the week with a strong selloff on the back of geopolitical tension after a senior Iranian military official was killed in a United States airstrike.

However with the easing tension between the two countries, bulls took charge and led Nifty post their biggest single-day gains in three months during the trading session on January 9. The rally continued on January 10 with the Nifty touching a fresh record high of 12,311.20.

Nifty  Hourly

The index after hitting fresh high in the first half on Friday’s session, witnessed profit booking in the second half and closed just below the resistance zone at 12256.5. Technical parameters including RSI, Stochastic and CCI are trading very close to the respective overbought zone which suggest strength in the shorter timeframe.

Probable support in the near term comes at 12180 and next support at 12120. However, immediate resistance in the short term comes at 12290-12310.

Nifty hits record high amid US-Iran tension and closed above 12250 2

Nifty Hourly chart

Nifty Daily

In the Daily chart, Nifty trading in a Megaphone pattern or a broadening triangle pattern and closed just below the daily resistance zone. Sustainable move above swing high of 12311.2 may lead to further strength in the short term.

RelatedPosts

Binary Options Trading

Tips for Successful Binary Options Trading

September 29, 2022
3.2k
5 Simple Ways to Get Into Forex Trading for Beginners 4

5 Simple Ways to Get Into Forex Trading for Beginners

September 13, 2023
12.3k
Top 11 Factors to consider for taking a Personal Loan 5

Top 11 Factors to consider for taking a Personal Loan

August 29, 2022
1.4k

Nifty formed a doji candle on friday’s session which suggest indecision in the market and move either side of the candle may decide fresh move in the coming week.

Technical parameters looks positive to neutral as of now and probable support on the downside comes at 12150 and 12050 as of now.

Nifty Daily chart

Nifty Daily chart

Nifty Weekly

The index formed a positive candle for the week which shows the overall trend for the index continues to be strong. However, the market can continue to remain volatile in the short term. Until the index breaks and sustains above the new high of 12311.2, the consolidation in the range of 12000-12300 is likely to be seen.

Probable resistance as per the upper trend line comes at 12400-12450 which is likely to act as a crucial resistance as of now. Breakout above 12500 may lead to steep move in the index. Probable support comes at 11900-11950 in the weekly chart.

Nifty hits record high amid US-Iran tension and closed above 12250 3

Nifty Weekly chart
Nifty Tech Table
Nifty Tech Table
Tags: english
ShareTweetSend
Get Kotak Offer Get Kotak Offer Get Kotak Offer
Previous Post

Basic Understanding Of Candlestick Charts

Next Post

Did you know that Behavioural Finance affects your Stock Price?

Elearnmarkets

Elearnmarkets

Elearnmarkets (ELM) is a complete financial market portal where the market experts have taken the onus to spread financial education. ELM constantly experiments with new education methodologies and technologies to make financial education effective, affordable and accessible to all. You can connect with us on Twitter @elearnmarkets.

Related Posts

Binary Options Trading
Miscellaneous

Tips for Successful Binary Options Trading

September 29, 2022
3.2k
5 Simple Ways to Get Into Forex Trading for Beginners 6
Miscellaneous

5 Simple Ways to Get Into Forex Trading for Beginners

September 13, 2023
12.3k
Top 11 Factors to consider for taking a Personal Loan 7
Miscellaneous

Top 11 Factors to consider for taking a Personal Loan

August 29, 2022
1.4k
Term Plan with or Without Maturity Benefits - What's the Difference? 8
Miscellaneous

Term Plan with or Without Maturity Benefits – What’s the Difference?

September 12, 2022
319

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Elearnmarkets Logo

Follow Us

Facebook-f Twitter Instagram Linkedin-in Youtube Telegram

Register on Elearnmarkets

Continue your financial learning by creating your own account on Elearnmarkets.com

Register Free Account

Download App

Playstore logo
Download on app store

Categories

  • Basic Finance
  • Derivatives
  • Financial Planning
  • Fundamental Analysis
  • Technical Analysis
  • Marketshala
  • Miscellaneous

Popular On Elearnmarkets

  • Market Superheroes:
  • Vivek Bajaj
  • Chetan Panchamia
  • Ashish Kyal
  • Premal Parekh
  • Abhijit Paul
  • Jegan
  • Sivakumar Jayachadran
  • Vishal Malkan
  • Jyoti Budhia
  • Vivek Gadodia
  • Vishal Mehta
  • Piyush Chaudhry
  • Santosh Pasi
  • Gomathi Shankar
  • Market Superheroes:
  • Vivek Bajaj
  • Chetan Panchamia
  • Ashish Kyal
  • Premal Parekh
  • Abhijit Paul
  • Jegan
  • Sivakumar Jayachadran
  • Vishal Malkan
  • Jyoti Budhia
  • Vivek Gadodia
  • Vishal Mehta
  • Piyush Chaudhry
  • Santosh Pasi
  • Gomathi Shankar
  • Courses:​
  • Options Trading
  • Dow Theory
  • Momentum Trading
  • Stock Investing
  • Stock Market for Beginners
  • Harmonic Chart Patterns
  • Algo Trading
  • Elliot Wave Theory
  • Advanced Excel
  • Cryptocurrency
  • NSE Certification Course
  • Courses:​
  • Options Trading
  • Dow Theory
  • Momentum Trading
  • Stock Investing
  • Stock Market for Beginners
  • Harmonic Chart Patterns
  • Algo Trading
  • Elliot Wave Theory
  • Advanced Excel
  • Cryptocurrency
  • NSE Certification Course
  • Webinars:
  • Bank Nifty Scalping
  • Intraday Trading Strategies
  • Options Trading Strategies
  • Options selling
  • Price Action
  • Relative Strength
  • Tax Planning
  • Options Buying
  • Growth Stocks
  • Portfolio Management
  • Relative Strength Index
  • Risk Management
  • Renko Charts
  • Crude Oil
  • Traders Psychology
  • Moving Average
  • Multibagger Stocks
  • Webinars:
  • Bank Nifty Scalping
  • Intraday Trading Strategies
  • Options Trading Strategies
  • Options selling
  • Price Action
  • Relative Strength
  • Tax Planning
  • Options Buying
  • Growth Stocks
  • Portfolio Management
  • Relative Strength Index
  • Risk Management
  • Renko Charts
  • Crude Oil
  • Traders Psychology
  • Moving Average
  • Multibagger Stocks
  • Free Learning Modules:
  • Intraday Trading
  • Options Scalping
  • Swing Trading
  • Financial Modelling
  • RSI Indicator
  • Bollinger Bands
  • Pricing of Futures
  • Personal Finance
  • Initial Public Offerings (IPO)
  • Value Investing
  • Technical Indicators
  • Candlesticks
  • Chart Patterns
  • Option Greeks
  • ELSS Funds
  • Banking and Insurance
  • Real Estate
  • Gold
  • Free Learning Modules:
  • Intraday Trading
  • Options Scalping
  • Swing Trading
  • Financial Modelling
  • RSI Indicator
  • Bollinger Bands
  • Pricing of Futures
  • Personal Finance
  • Initial Public Offerings (IPO)
  • Value Investing
  • Technical Indicators
  • Candlesticks
  • Chart Patterns
  • Option Greeks
  • ELSS Funds
  • Banking and Insurance
  • Real Estate
  • Gold
  • Book Summaries:
  • Rich Dad Poor Dad
  • Psychology of Money
  • The Intelligent Investor
  • The Richest Man in Babylon
  • Think and Trade Like a Champion
  • Value Investing and Behavioural Finance
  • Trading in the Zone
  • Learn to Earn
  • Book Summaries:
  • Rich Dad Poor Dad
  • Psychology of Money
  • The Intelligent Investor
  • The Richest Man in Babylon
  • Think and Trade Like a Champion
  • Value Investing and Behavioural Finance
  • Trading in the Zone
  • Learn to Earn
  • Tools:
  • CAGR Calculator
  • SIP Calculator
  • eLearnOptions
  • Future Value Calculator
  • Present Value Calculator
  • Atal Pension Yojana
  • Cost of Delay Calculator
  • Become a Crorepati
  • Tools:
  • CAGR Calculator
  • SIP Calculator
  • eLearnOptions
  • Future Value Calculator
  • Present Value Calculator
  • Atal Pension Yojana
  • Cost of Delay Calculator
  • Become a Crorepati

© 2023 Elearnmarkets. All Rights Reserved

  • Visit Elearnmarkets
  • Courses
  • Webinars
  • Financial Guides
  • Get Free Counselling
  • Visit Elearnmarkets
  • Courses
  • Webinars
  • Financial Guides
  • Get Free Counselling

Get Elearnmarkets App

No Result
View All Result
  • Article Categories
    • Basic Finance
    • Derivatives
    • Financial Planning
    • Fundamental Analysis
    • Technical Analysis
    • Marketshala
    • Miscellaneous
  • Language
    • Hindi
    • Bengali
    • English
  • Courses
  • Webinars
  • Stories

© 2020 Elearnmarkets All Rights Reserved

Guide Book on Investing with ₹ 5000
Learn about the Basics of Investments and Finance in this Ebook.
Download Now