Market Outlook for 07-08-2023 trademaster August 6, 2023

Market Outlook for 07-08-2023

Bank Nifty:

The case-to-case-based analysis of positions that may be initiated is given below.

Case No.ParticularsPosition to be Initiated
IBank Nifty sustains above 45536Continuing Bullish
IIBank Nifty between 45536 to 44151Sideways
IIIBank Nifty sustaining below 44151Continuing Bearish

Nifty 50

The case-to-case-based analysis of positions that may be initiated is given below:

Case No.ParticularsPosition to be Initiated
INifty 50 sustains above 19671Continuing Bullish
IINifty 50 is between 19671 & 19318Sideways
IIINifty 50 crosses below 19318Continuing Bearish
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