Nifty Weekly Analysis Aug 7 - 11
🔍 Analysis on Nifty for the Upcoming Week 🔮
Aug 7 - Aug 11
The Nifty index seems to exhibit a bullish trend in the long-term & bearish trend in the short-term, according to the market structure.
📈 Key Levels to Monitor:
In the upcoming week, it's important to monitor key levels 19190, 19200, 19235, 19300, 19750, 19800, and 19990.
🔎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 19800, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 19190, confirmed by a strong and clear daily candle, it may signal a decline towards the 18890 level.
Aug 7 - Aug 11
The Nifty index seems to exhibit a bullish trend in the long-term & bearish trend in the short-term, according to the market structure.
📈 Key Levels to Monitor:
In the upcoming week, it's important to monitor key levels 19190, 19200, 19235, 19300, 19750, 19800, and 19990.
🔎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 19800, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 19190, confirmed by a strong and clear daily candle, it may signal a decline towards the 18890 level.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.