Nifty weekly analysis for 03/07/23.

Nifty on the weekly time frame has given a 500+ points or 2% up move. It has formed a bullish marubozu candle.

Market has been continuously giving gap up and movement for 3-4 days.

There was a good movement after testing the 20 ema, on daily time frame. Nifty is trading around 19200 levels and forming new ATH.

It can give momentum to touch 19500-700 levels. Bullish movement is market is giving good returns and can continue to touch higher highs.

Market is in the bullish movement and is making higher high and higher low formation. A perfect bullish cycle is on.

Support :- 19000, 18890
Resistance :- 19280 (fib levels).

The market are moving in bullish move and no actual resistance is there in the charts.

Wait for the price action near the levels before entering the market.