Breakout Level 8000 for 8PM I identified as per technical analysis.
Crude Oil ready to move as US market. Upper target 8000 & Lower 7800.
Now there are 2 possibilities. Make breakout & go for 17000. or Come back for retest on 16800.
After closing of indian market next big movement possible. It's up to 0.3 & 0.6 level.
Rangebound Full day in between 404 to 406. Next movement is near. Ready to fly in sky - target 410 within monthly expiry. or fall in to retest target 400 to restart bullish journey.
Breakover Breakdown August Expiry 27july2022 Analysis Breakover Point 7780 ( Target 8000) Breakdown Point 7580 ( Target 7500)
1hour Chart Frame - Nifty can down for gap feeling. Short time bearish. Gap Range : 16380-16500 For bullish - must be Retested last breakover levels within weekend.
After getting height in 1st half, now its trying to achieve more height. In down side - good target after break down & retest. Upper side - breakover at 7900 try to reach 8000. then next 8200.