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Stockupy
Jul 23, 2021 4:46 PM

NIFTY WEEKLY ANALYSIS (23/7/21) 

Nifty 50 IndexNSE

Description

Key takeaways:

Nifty opened this week with weak global cues relating to covid and fell first two days, then there was global recovery, so our markets recovered as well (Range- 15600-15950)
Nifty took support from the long term lower trendline
Still Nifty is in the trading range of 15600-15900, below with 15300 is very strong support
Resistance and lower trendline has almost converged, can break either side, (good / bad quarterly results will help decide direction
Broder market action was observed within the week.
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