A new series and a new beginning…Bull run to continue ?!
After the remarkable July series, it is time to look fresh at the markets for the next series.
Bulls having won considerably in the July series, looks like will be taking the upperhand for the initial few days and should push Nifty to year high and above.
As mentioned earlier, 4965 is the maximum level that I am currently looking at and this needs to be reviewed as the series progresses.
Again most of the time Nifty was hovering around 4444 levels and that, followed by 4380 are the key levels to watch out for.
Resistance levels : 4605, 4630, 4659
Support levels : 4550, 4537, 4502