🔍 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.