Next week of 7AUG23 - Chances of Recovery from last week's fall

4 Ağu 2023

Toward close of the trading day on 4AUG23, call buying buildup was witnessed on NIFTY derivatives suggesting Monday is going to open positive. This thought is not negated by the weekly candle. Weekly candle is of an indecision doji. This is my hunch feeling that at least next 2 trading sessions are going to be bullish and then consolidate a bit before proceeding higher to breach the 20000 mark towards end of August.