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Niftyweek

Nifty Weekly Analysis Jul 31 - Aug 4🔍 Analysis on Nifty for the Upcoming Week 🔮 Jul 31 - Aug 4 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 19190, 19200, 19560, 19865, & 19990. 🔎My outlook: The outlook for the upcoming week’s trading suggests a directional view (Bullish). 📈 Bullish Scenario: If Nifty breaks out above the significant level of 19990, supported by a strong and clear daily candle, it could indicate a bullish market trend. 📉 Bearish Scenario: However, if Nifty breaks down below 19560, confirmed by a strong and clear daily candle, it may signal a decline towards the 19200 level. 📊 Support Level: As long as Nifty sustains above the support level of 19560, the market can be viewed as bullish.
NSE:NIFTYLong
by venunomula
Nifty Weekly Analysis for Jun 5 - 9The Nifty index displays a bullish trend in both the long-term and short-term, as indicated by the market structure. 📈 Key Levels to Monitor: In the upcoming week, it's crucial to keep an eye on the following key levels: 18251, 18465, 18535, 18660, 18890. 🔎 Outlook: The outlook for the upcoming week's trading suggests a non-directional market, potentially characterized by a sideways pattern. 📈 Bullish Scenario: If Nifty breaks out above the significant level of 18660, supported by a strong and clear daily candle, it could indicate a bullish market trend. 📉 Bearish Scenario: However, if Nifty breaks down below 18465, confirmed by a strong and clear daily candle, it may signal a decline towards the 18050 level. 📊 Support Level: As long as Nifty sustains above the support level of 18465, the market can be viewed as bullish. 👀 Stay vigilant and closely monitor the price action throughout the week to make informed trading decisions. Good luck! 🚀💼
NSE:NIFTY
by venunomula
Nifty Weekly Analysis for Apr 24-28The Nifty index seems to exhibit a bearish trend in the long-term while showing bullishness in the short-term, according to the market structure. In the upcoming week, it's important to monitor key levels 17360, 17550, 17800, & 17865. My outlook: Based on the chart analysis, the market sentiment has turned bearish and the bulls control has weakened. However, the bulls are attempting to establish support at the 17550-17700 zone. Looking ahead to the next trading week, if the nifty index maintains its position above the support zone of 17550-17600, it would indicate the bulls are regaining their strength and there is a possibility of an upward price movement. On the other hand, if the nifty index breaches this support zone with a strong and decisive candle, it would signal that bears are gaining momentum, and there is a likelihood of a bearish trend in the near future.
NSE:NIFTY
by venunomula
Weak Nifty not able to cross 50 EMA despite multiple attempts.Nifty today barely took support at 200 days EMA. In the closing hours Nifty was weak and it will be difficult for Nifty I think to hold on to this level tomorrow. Three expected support zones for Nifty in the coming days can be 17512, 17353 and Finally 17253. Nifty not able to cross 50 Days EMA after multiple attempts can not be considered a good sign. 17800 remains a ver formidable resistance as of now befores Bulls can sniff a chance.
NSE:NIFTY
by Happy_Candles_Investment