Nifty Technical Outlook – August
The Nifty has broken below the key support level of 24,689, indicating potential weakness in the near term. The next significant support is seen at 24,357, which could be tested during the month of August if bearish momentum continues.
On the flip side, if the index reclaims and sustains above 24,689, it may trigger a major upswing, opening the path for a bullish reversal. Traders should closely monitor price action near this resistance zone for possible breakout opportunities.
The Nifty has broken below the key support level of 24,689, indicating potential weakness in the near term. The next significant support is seen at 24,357, which could be tested during the month of August if bearish momentum continues.
On the flip side, if the index reclaims and sustains above 24,689, it may trigger a major upswing, opening the path for a bullish reversal. Traders should closely monitor price action near this resistance zone for possible breakout opportunities.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.