Recommendations for Nifty 02/08/2021
1)NIFTY for next week , excepting a recovery to 16000. Only small correction pending for below.
2)Monday we can understand , whether NIFTY will be able to make or break. By end of day , NIFTY should close positive is excepted
3)Monday ,NIFTY excepted to touch 15690 before it change its trend to uptrend to go ahead to 15920..16000
4)Nifty , if it breaks 15640..then next settlement is 15510…I don’t except NIFTY to break 15510 as we are not in any global crash or nifty crash..we are just in nifty correction now. Excepting NIFTY to reverse up from 15690-15650.
5)15870 and 15920 are very strong resistances to be broken to reach 16000,16100.
Note : wait till 12:15 on Monday to enter new trade unless you are a opening market trader between 9:15 to 9:45. Mostly it will run flat after 10am to 12:30pm .
All the best traders.
thanks,
Trade Profits
watch and hear the analysis of both Bank nifty and nifty in one video itself @
