NF for the Week July 21-25 - Rakesh Chandra

Since the last two weeks, I have been maintaining my view that 3800 is a strong support. I also said that we are in the last leg of selling, and any decline is a buying opportunity. Market has made a double bottom around 3800 and we are again moving to the upside. The broader market will continue to move to the upside in the coming days. Strictly use the levels mentioned , for trading. The pivot, lower targets and upper targets are valid for the current week only.

Upwave (4-5) UT3 : 4,377;
Upwave (2-3) UT2 : 4,294;
Upwave (0-1) UT1: 4,161;

Price is bullish above weekly pivot point of 4,079.37.
Price is bearish below weekly pivot point of 4028.37.

Down wave (0-1) LT1: 3,947;
Down wave (2-3) LT2: 3,814;
Down wave (4-5) LT3: 3,731.