As we have seen breakout in BankNifty in previous week we may expect the same
in Nifty in coming week.
Last week Nifty Major Resistance was 8710/8750 Nifty failed to close above that.
So if Nifty sustain above the 8710/8750 we may see breakout for Target 8880.
otherwise Nifty may Test 8470 and more be cautious.
On 31st July report mentioned that be cautious as Nifty almost complete
the reaction of downfall 8294-7927.From 31st July to till now Nifty was in
time correction.
We may expect a breakout or breakdown of the range in coming week.
If Breakout above 8710/8750 and sustain then watch
Conservative level -8880
Extended level -8950
Support-8590-8500
Note-This above is my personal view for Educational Purpose Only.Read Disclaimer.
in Nifty in coming week.
Last week Nifty Major Resistance was 8710/8750 Nifty failed to close above that.
So if Nifty sustain above the 8710/8750 we may see breakout for Target 8880.
otherwise Nifty may Test 8470 and more be cautious.
On 31st July report mentioned that be cautious as Nifty almost complete
the reaction of downfall 8294-7927.From 31st July to till now Nifty was in
time correction.
We may expect a breakout or breakdown of the range in coming week.
If Breakout above 8710/8750 and sustain then watch
Conservative level -8880
Extended level -8950
Support-8590-8500
Note-This above is my personal view for Educational Purpose Only.Read Disclaimer.
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