#Nifty50 ended the week flat, hovering within the predicted 25000-23950 range. Buckle up, because next week's Union Budget on July 23rd promises high volatility. Expect a wider trading range of 25250-23800. A breakout from these levels could ignite significant price movement.
Remember my July 6th blog post? It highlighted Nifty's historical correction trend around late July/early August. This year could be no different, offering a potential discount window for savvy investors to enter their favorite stocks at attractive prices. Stay prepared!
Meanwhile, the #S&P500 failed to breach a crucial resistance level (5638) and dipped 3% from its high. If it breaks below this week's low (5509), support levels at 5430/5368/5293 could be tested. A decline in the S&P 500 could also exert pressure on the Indian market.
Remember my July 6th blog post? It highlighted Nifty's historical correction trend around late July/early August. This year could be no different, offering a potential discount window for savvy investors to enter their favorite stocks at attractive prices. Stay prepared!
Meanwhile, the #S&P500 failed to breach a crucial resistance level (5638) and dipped 3% from its high. If it breaks below this week's low (5509), support levels at 5430/5368/5293 could be tested. A decline in the S&P 500 could also exert pressure on the Indian market.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.