๐ Analysis on Nifty for the Upcoming Week ๐ฎ
Jul 31 - Aug 4
The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure.
๐ Key Levels to Monitor:
In the upcoming week, it's important to monitor key levels 19190, 19200, 19560, 19865, & 19990.
๐My outlook:
The outlook for the upcoming weekโs trading suggests a directional view (Bullish).
๐ Bullish Scenario:
If Nifty breaks out above the significant level of 19990, supported by a strong and clear daily candle, it could indicate a bullish market trend.
๐ Bearish Scenario:
However, if Nifty breaks down below 19560, confirmed by a strong and clear daily candle, it may signal a decline towards the 19200 level.
๐ Support Level:
As long as Nifty sustains above the support level of 19560, the market can be viewed as bullish.
Jul 31 - Aug 4
The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure.
๐ Key Levels to Monitor:
In the upcoming week, it's important to monitor key levels 19190, 19200, 19560, 19865, & 19990.
๐My outlook:
The outlook for the upcoming weekโs trading suggests a directional view (Bullish).
๐ Bullish Scenario:
If Nifty breaks out above the significant level of 19990, supported by a strong and clear daily candle, it could indicate a bullish market trend.
๐ Bearish Scenario:
However, if Nifty breaks down below 19560, confirmed by a strong and clear daily candle, it may signal a decline towards the 19200 level.
๐ Support Level:
As long as Nifty sustains above the support level of 19560, the market can be viewed as bullish.