Nifty Update for July 2- Inder Bhatia

The Indian market closed in the deep red zone. Markets opened on higher note but slipped in to the red as day progressed. In the second half there was a bloodbath and Nifty ended in the deep red. Nifty has came to its weekly target of 3861, as show below. Cracking below 3857, it could further test 3600 levels. However, technically Nifty should hold current levels and could even give some bounces or relief rallies.

Here's the chart that was posted earlier, showing a weekly target of 3861 for the Nifty.