“After consolidating for the last few days, Nifty has managed to surpass the resistance of 18450 zones. We expect this momentum to continue and Nifty to touch its previous lifetime high in the coming weeks. The index is now just 380 points or 2% away from its lifetime high. With the result season nearing its end, the focus will now shift to macro data, US debt negotiations and upcoming central bank policy meetings,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services.
Nifty Weekly Outlook: Reversal confirmed, big moves expected around August 8, says Harshubh Shah
The Indian equity market ended its fifth straight week in the red, with the Nifty50 falling over 1%. July 29 marked a crucial reversal point
August 3, 2025