NIFTY
7/1/2023
Overview- US Inflation data is key to market performance this week. A major news in Bitcoin regarding its ETF is also expected. UK GDP data is another important news this week.
Outlook for 8/1/2023- A doji candle has been formed in on the weekly time frame which is a clear indication of the uncertainty that Indian markets have experienced this past week. No clear trend is visible in market currently, therefore it's not a very attractive market for option buyers. Important support levels at 21630, 21496 and 21457. While resistance levels are at 21750 and 21830 level.
Note- This is purely Educational and not Investment Advice.