#Nifty
Weekly Timeframe:
The trend is still sell on rise. The lows of the last 3-4 weeks are at the same level now. Nifty needs to break 23250 to continue the downtrend towards 23000-22800.
Daily Timeframe:
For the last 3 days, Nifty hasn't been able to break the high of 2nd June. The trend still looks sell on rise, but the fall is slow.
The current range is 23500тАУ23250.
A breakout of this range is needed for the next directional move. Until then, trade mean reversion.
For Tomorrow:
- If Nifty gaps down below 23250, it can move towards 23100-23000.
- If it stays above 23250, expect sideways movement within Friday's range.
For any positional buying, Nifty needs to break 23500.
Levels are marked on the chart.
@SandeepMall Buying stuffs on seasonal discounts offered by the manufacturers itself based on clearance of warehouse so that new items could be stored shipped etc therefore these are impulsive purchases for a customer who is allured to buy seeing the discounts though he barely needs them