Nifty Weekly Analysis for Jul 3 - 7
🔍 Analysis on Nifty for the Upcoming Week 🔮
Jul 3 - 7
The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure.
📈 Key Levels to Monitor:
In the upcoming week, it's important to monitor key levels 18465, 18645, 18890, 19190, & 19200.
🔎My outlook:
The outlook for the upcoming week’s trading suggests a non-directional view (Sideways).
📈 Bullish Scenario:
If Nifty breaks out above the significant level of 19200, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 18650, confirmed by a strong and clear daily candle, it may signal a decline towards the 18465 level.
📊 Support Level:
As long as Nifty sustains above the support level of 18650, the market can be viewed as bullish.
Jul 3 - 7
The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure.
📈 Key Levels to Monitor:
In the upcoming week, it's important to monitor key levels 18465, 18645, 18890, 19190, & 19200.
🔎My outlook:
The outlook for the upcoming week’s trading suggests a non-directional view (Sideways).
📈 Bullish Scenario:
If Nifty breaks out above the significant level of 19200, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 18650, confirmed by a strong and clear daily candle, it may signal a decline towards the 18465 level.
📊 Support Level:
As long as Nifty sustains above the support level of 18650, the market can be viewed as bullish.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.