NIFTY AFTER HITING LIFE TIME HIGH 19,991 20 JULY 23, NOW TRADING AT 19,396 22 AUG 23 CONTINIUS 4 WEEK SELLING SEEN IN NIFTY ON WEEKLY BASIS.
NIFTY NOW TAKING SUPPORT OF 19300 TO 19250
MARKET AT MAKE OR BREAK LEVEL, SUPPORT ZONE LOOKS AT 19300/19250 WHILE RESISTANCE ZONE IS 19500/19550
WEEKLY CLOSING BELOW 19250 WILL TAKE NIFTY TO DOWN SIDE TILL IT’S NEXT SUPPORT ZONE 18900/18850.
WHILE WEEKLY CLOSING ABOVE 19500/19550 WILL TAKE NIFTY TO UPSIDE TILL IT’S LIFE TIME HIGH 19950 TO 20000.
TECHNICALLY NIFTY CONTINIOUS FORMED 4 RED CANDLE ON WEEKLY BASIS, BUT IT’S NOT SHARP SELLING, BUYERS STILL IN GAME AND TRYING TO LIFT MARKET UP SIDE, BUYERS WILL ACCUMLATE AROUND IT’S CRUCIAL SUPPORT ZONE 19300 AND REVERSAL FOR UP SIDE MAY SEEN SOON.
FOR THIS WEEK 21ST AUG TO 26TH AUG MARKET OUT LOOKS SIDE WAYS TO UPTREND AND MARKET MAY FORM PAUSE OR GREEN CANDLE THIS WEEK AND FURTHTER TREND WILL DECIDE IN THIS WEEK ONLY TILL 26 AUG 2023
MARKET STILL IN UPTREND IT’S NOT TREND REVERSAL, IT’S JUST PROFIT BOOKING NIFTY MAY TOUCH IT’S LIFE TIME HIGH OR PSYCHOLOGICAL LEVEL 20,000 VERY SOON
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