Tuesday, May 31, 2022

MARKET ANALYSIS FOR 31ST MAY #NIFTY #BANKNIFTY

 NAMSKAR DOSTO -




1.NIFTY- NIFTY Open Gapup Today 16506 And close at 16661, 308+ points gain we see, now Nifty positionally buy side
 expecting clear upside move here towards 16850 due to high volatility stoploss management will be tough
support 16500-16400
resistance 16850-17000

2. BANKNIFTY- bank nifty also up 200 points today , which was long from 34750 now profit booking done mostly banks have overall strength here
support 35800-35600
resistance 36200-36850
 
3.US market have holiday today tomorrow will be surprise in nifty

4.Nifty IT also recovering from the bottom lets wait and watch for proper levels , upside 5-10% move possible in IT stocks

5.LT(1660), Reliance(2664),UPL(782),Sbilife(1148),Hdfclife (608) are all have long setup

6. nifty midcap also up 2.42% , nifty small cap 2.24 %


No comments:

Post a Comment

Returns In Gold, Silver & Sensex Which Perform Better ?

Power of Compounding: Why Sensex Beats Gold & Silver Over Time 💡 Investment isn’t about what glitters — it’s about what gro...