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Month: July 2021

Markets for the week ahead

Markets for the week ahead

Nifty closed positive on weekly basis giving the much-needed room for bulls to break the highs again. The week ended was very volatile and finally, the trend looks positive. Close above the swing high in the coming week should head towards the 17,000 mark. 15644 should be the bottom in place for the next move. BankNifty momentum is held for the consecutive second week as well. 36660 acts immediate resistance and breaking above should reach 37700 mark. 20 WMA placed…

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Markets for the week ahead

Markets for the week ahead

Nifty weekly has not changed much compared to the previous week. Many volatile sessions but very tight range days. Closed near to previous week low 15630 which can be acting as a support for the coming week too. The trend is still up and the higher high and higher low patterns are not broken still. The weekly close above 15920 will take the nifty to all times high. On a daily, the index is lower to the band support at…

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Markets for the week ahead

Markets for the week ahead

Nifty marginally closed higher, which was much needed on weekly closing. 15444 is the weekly swing low and that should be protected in order to see a further rally towards 17000. its just ended near to weekly lower channel as of now. Further, close above 15950 confirms the trend towards 17000. On a daily basis, took support closer to the lower Bollinger band 15627, which also happens to be the larger trendline support, which’s a welcome sign for the bulls….

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