With the highest closing for this month , Nifty will now be entering strong resistance zone with supply coming at every high level. Monthly cycle suggests August Month to be bearish.
Pivot for this month is NF 4406 with bullishness as long as we sustain over NF 4705 and bearishness below 4565. First Strong resistance around NF 4793-4899 and Support 4320-4210-4134.
For this week, Pivot and support is NF 4563-4576. Bearish below 4612 and bullish over 4662 f0r target 4709-4738 and strong resistance around 4781-4840. Support for this week is 4494-4474 and free fall below 4420.
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