Nifty weekly analysis July 2nd week.
Nifty forms a bearish hammer candle on a weekly basis. July 1st week the market touches ATH of 19523. from 19522 market closed at 19331 by making 130 points.
For coming week is a crucial level to take the decision. Nifty from the past 12 weeks moving higher and not even a single week it closed below the last week low.
if Nifty closes below 19230(Lat week low) the bearish market can activate and soonly Market can touch 19000 and the next 18800.
If nifty moves above 19353 then the market can volatile with 150 points range(19500 to 19300)
Consider selling only below 19230.
For coming week is a crucial level to take the decision. Nifty from the past 12 weeks moving higher and not even a single week it closed below the last week low.
if Nifty closes below 19230(Lat week low) the bearish market can activate and soonly Market can touch 19000 and the next 18800.
If nifty moves above 19353 then the market can volatile with 150 points range(19500 to 19300)
Consider selling only below 19230.
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