Nifty Weekly Forecast with GST about to become reality

Last Week we gave Chopad Levels  of 8577, Nifty gave Multiple Long entry on Monday/Tuesday/Wednesday and did 1 target on all 3 occasion . Last Week Chopad Level of 8577 was major Support for bulls as once closing above it all dips near 8577 was bought into Lets analyze How the market will fair in August which historically have favored bears.

Nifty Supply and Demand

As discussed in last Analysis Now Bulls need to close above 8544 on Weekly close basis for a target of 8654/8774. Bears will get active below 8295 only.
Bulls did impulsive move above 8543

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