#Nifty directions and levels for July 30th:Good morning, friends! 🌞
Here are the market directions and levels for July 30th:
There have been no major changes in the global market. The global sentiment remains moderately bullish,
while the local market continues to show a bearish tone.
Today, Gift Nifty indicates a gap-down opening of around 40 points.
What can we expect today?
In the previous session, both Nifty and Bank Nifty took a solid pullback after the gap-down start.
However, neither of them broke the 38% Fibonacci level in the current swing.
So, unless the 38% level is broken, we should continue to approach the market with a bearish view.
At the same time, key parameters have been lagging recently, which has made it difficult for the market to take a clear direction.
My primary expectation is consolidation within the previous day's range.
However, if the market breaks the bottom with a solid structure, then we can expect the correction to continue.
