Thursday Forecast (August 4, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 8.345, which will be followed by moving up to resistance level 8.755 and if it keeps on moving up above that level, we may expect the market to reach resistance level 9.420.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 8.345, which will be followed by reaching support level 7.600.
This/Next Week Forecast (August 1 – 5, 2022)
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 8,755, which will be followed by reaching resistance level 9,66.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 8,755, which will be followed by reaching support level 7,60 and 8,50.
Monthly Forecast, August 2022
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 8,755, which will be followed by reaching resistance level 9,664.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 8,755, which will be followed by reaching support level 6,500.
