Nifty 50 Analysis for Monday 7th August

4 באוג׳ 2023

Flip Level 19550

• 19545 is swing high in down wave from 19800 to 19300. As long as price is below this level Nifty will be in selling pressure
  *Friday trade couldn't write off this level at any point of time during the day though looked pretty pumped all through the session

Gap up trade above 19550

• R1 19600
  
• R2 19680
  

Gap down trade below 19500

• S1 19450
  
• S2 19390
  
• S3 19330
  

Nifty is still bearish and there is no reason to look for long trades yet! It need to prove support at 19400 to make higher levels

5 באוג׳ 2023

הערה

Next week Nifty can take support at 19200