Nifty Weekly Market Update – Brace for Bearish Momentum?Nifty 50 IndexNSE:NIFTYssudhirsharma11 Nifty ended the week at 24,837, down 131 points from last week’s close. It made a high of 25,246 and a low of 24,806, staying perfectly within my projected range of 25,400–24,500. As highlighted earlier, Nifty has now formed an inverted hammer on the weekly chart — a classic bearish reversal candlestick. 🔍 📅 Flashback: On 6th July, I mentioned giving bulls 10–15 days of playtime. That phase seems to be ending. The monthly time frame remains bearish, and now the weekly chart is aligning, indicating a stronger downside risk. 🔮 What’s Next? 👉 Expect Nifty to trade between 25,300–24,400 in the coming week. 👉 A break below 24,400 could open doors to 23,900. 👉 If 24,400 holds, bulls may still have a chance to regroup. 🧠 Pro Tip: Only Nifty Pharma is showing resilience. Those looking for long trades should focus on strong pharma stocks — the rest of the sectors are showing bearish signs. Meanwhile in the US: S&P 500 hits another all-time high, closing at 6,388, up 90 points from last week. My long-standing target of 6,568 now looks well within reach. But here’s the catch — despite US strength, it’s not supporting Indian markets. If US markets correct, expect intensified selling pressure in India. 🎯 Strategy for Indian investors: Let the bears rule till 7–8 August. Stay alert, and be ready to grab high-quality stocks at bargain prices. This is not the time to panic, but to prepare smartly.