AUGUST 2021 MONTH ANALYSIS -
NIFTY AUGUST 2021 ANALYSIS UPCOMING -
NIFTY -
1) NIFTY will have movements on both sides in AUGUST month.
2) NIFTY has formed a Doji candle pattern on monthly charts.
3) 15710 level will be NIFTY August month trend changing levels.
4) NIFTY has been rejected multiple times @ 15950 levels.
5) To break rejecting levels NIFTY must open a gap up above 15950 levels to create a new fresh all-time high.
6) NIFTY 15962 levels act as a strong resistance and once broken it will ride till logical 16000 levels.
7) NIFTY waiting upper levels are 16060.
8) NIFTY above 16060 will move till 16161 & 16300 levels.
9) NIFTY if tests upper levels first, then we might see a correction till 15165 & 14950 levels on the downside.
10) 15513 & 15450 levels act as strong support.
11) NIFTY 15720 levels will be bullish & below will be bearish.
12) As per my views on NIFTY will sell on rise for August month.
BANK NIFTY AUGUST 2021 ANALYSIS -
BANK NIFTY -
1) BANK NIFTY is holding 34000 levels.
2) BANK NIFTY will be bullish above 34950 levels.
3) BANK NIFTY has a strong resistance @ 35895 levels.
4) BANK NIFTY a day closing above 34950 levels will ride upside till 35555 levels.
5) BANK NIFTY next closing above 35555 we will see 34985 & 36500 levels on the upside.
6) BANK NIFTY 34950 below we may see a big correction.
7) BANK NIFTY below 34950 levels will be bearish on a closing basis.
8) BANK NIFTY below 34950 levels we can see BANK NIFTY sliding till 33900 / 33333 & 32115 levels.
9) BANK NIFTY 34950 levels to watch in August month.
10) BANK NIFTY will also be sell on rise for August month.
11) BANK NIFTY above 34950 bullish & below bearish for August month.
USDINR AUGUST 2021 ANALYSIS -
USDINR -
1) USDINR has been closed bullish.
2) USDINR August month trend changing will be 74.51
3) USDINR above 74.51 will be bullish.
4) USDINR below 74.33 will be bearish.
5) USDINR 75.09 / 75.45 / 76 & 76.76 will be upper levels.
6) USDINR a closing above 75.75 will lead on to 73.95 levels.
7) USDINR below 73.90 levels will slide downside till 73.50 levels.
8) USDINR on a closing basis below 73.50 levels will fall brutally till 73 / 72.72 levels.
9) USDINR 73.93 levels is an accumulation zone.
10) USDINR will be Buy on every dip for August month.
VIBES -
