Tuesday, May 24, 2022

MARKET VIEW FOR 25TH MAY #NIFTY #BANKNIFTY

 


NAMSKAR DOSTO!

1.NIFTY closes 18 points green today , Taking the support of 16080 in spot & upside resistance was 16200
2.Current view is bearish below 16050, If recover then clear long will be till 16400
 Support - 16050 then 15750
 Resistance - 16350-400 & 16500
3. Biased is bearish and in Range bound In the Trading range Which Is Given.
4.BANKNIFTY clear short below 34000 in FUT
  support - 34000-34100
  Resistance - 34700-750
5. Kotak bank (1882) , Hdfc bank (1318) have strong closing today both should be in focus.
6. Dow now 400 points down , chances are open in RED tomorrow
7. FED chairman Powell also have conference today at 11.50PM ( market already sensing it )
8. Commodity prices are also Increasing. (read gold & silver article above)
9. Govt. consider tax cut on soyabean & sunflower oil to cool off prices.
10. Govt. may restrict sugar exports at 10MT this year ( sugar stcoks fall 15-20% from upside) 

TO GET CHARTS & VIEW VISIT https://youtu.be/RqHHqzim7Og

 

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