Nifty Weekly Setup 28th July to 2nd July

Hi All,

Nifty setup for next week is quite interesting. Nifty is at critical juncture or say make or break level.

Nifty is trying to give breakout on weekly as well as monthly chart however failing to close above the desired level.

Important points to consider next week:

- Nifty break 15901 level convincingly with good volume for strength breakout
- Nifty once close above 15986 important Fibo level can give targets till 16220/16451
-Nifty to fail breakout will be initiation of a correction a small one though in month of July.

Now most awaited question , how much market can correct?

Well answer will be awaited until next week.

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