Nifty Weekly Analysis For 22-07-24 to 26-07-24

Nifty Weekly Analysis For 22-07-24 to 26-07-24
Nifty is overbought in both daily and weekly timeframes.
Nifty formed a Shooting star candle in Weekly and Bearish Engulfing in Daily chart,
which indicates a possible correction in the coming weeks.
24450-24850 is the Range for Next Week.
If Nifty trades below 24450, more downside possible and Targets are 24300/24150.
If Nifty gives recovery and retests 24850, Short from top for the targets of 24700/24500.
Long only above 24850 for the targets of 24980/25080.
View: Downside to Sideways Market.