Nifty Future for July 29 - Rakesh Chandra

Two days ago I had expressed a view on the Astronomy cycle. Mercury (bad boy) and Sun were coming on screen (from July 28-August 1). This is a clear sign of volatility which is very high on the cards.

On one higher degree, the current up move from 3800 is a corrective development to the earlier larger fall from 4550, which is bound to consume more time than the time consumed the rising leg. Hence, do not expect an easygoing with this Up leg. Yesterday Monday's session was choppy and range bound and during market hour .

I had given a message that we have a triple top formation on 5-minute charts on Nifty future, around the weekly bullish level of 4357. We are safe only above this level. This triple top level will now act as resistance for the market.