Nifty for the week starting 5th august 2024.
Updated
On Friday Nifty opened with a gap on the down side and ended the day in Red with no signs of Recovery.
In one and four hour time frame Nifty has broken the trendline and is bearish.
If Nifty closes below 24650 on Monday they we can assume that the down trend has begun.
For Monday 5/8/24
Buy above 24780 for a target of 24820 , 24850.
Sell below 24650 for a target of 24610, 24580
In one and four hour time frame Nifty has broken the trendline and is bearish.
If Nifty closes below 24650 on Monday they we can assume that the down trend has begun.
For Monday 5/8/24
Buy above 24780 for a target of 24820 , 24850.
Sell below 24650 for a target of 24610, 24580
Comment
The above is based on spot nifty prices. Disclaimer: I am not a SEBI Registered Analyst.
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