Nifty Navigator - Trading Switch is off

Aug 5

NIFTY (06 - August )

👉Stuck below 50EMA & above previous demand zone.

Too much silence out there for long traders,

Now Next Resistance is - 50 EMA zone as of now, uncertainty building up

Seems like the current pause is just a pullback in the correction leg, and it should hit the support zone and build a linear base before moving up.

👉PCR - 0.72

👉INDIAVIX - 11.71

Support: 24470,24170
Resistance:-24900,25250

⭐️Verdict: The views remain the same as last time, we need more action and hold our horses, otherwise, we may cripple it.

The Trading Switch is Off - As the MARKET SCORE is Now 3.

Aug 7

Note

Index View remains the same as yesterday — no major movement occurred.

We have waited through the tide. The market is trying to digest the tariff news. Soon, all the sellers will exhaust, and that’s when we’ll take the grip.