Weekly strategy for NIFTY Nifty 50 IndexNSE:NIFTYviswanath_ktcIn last week nifty closed in red due to uncertainty in global markets due to war tensions arised between Afghanistan and Pakistan & Iran and Israel and also rising crudeoil prices, weakness in rupee these are all pull nifty to lower levels. Nifty closed below all moving averages in last week it is indicated bears strength in the market.so this is opportunity to bears to sell nifty at every rise in Nifty. Coming to next week if nifty opens gap down on monday as per SGX NIFTY findout support around 24570 levels in the coming week. If nifty bounced back to 25240 levels it is good opportunity to bears to accumulated Short positions in Nifty. Sell Nifty : opening price on monday (risky traders ) 25240(for safe traders ) Shop loss : 25440(on daily closing basis ) Target : 24500 Disclaimer : I am not a SEBI Reasearch Analyst please take an advise from your financial advisor before take position based on my recommendation Thanking you for your support if you liked my content suggest to your friends to follow my channel