Nifty weekly Analysis for August 1st week
1. On Friday nifty closes with big bullish candle
And closed at ATM
2.from support 1 to ATM it reaches in 2 day's it
Means buyers are entried in the market
3.If nifty breaks the ATM then the trend will
Continue
4.If any bearish sign at ATH it will come back
To support 1 or it will retest 40% and then it
I'll bounce back
So as my analysis it will retest around 30% from
ATM and then it will breaks the ATH and start
Moving up
Thanks
Shanjeev
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