MARKET VIEW FOR 26TH MAY (EXPIRY DAY ) #NIFTY #BANKNIFTY

 Namskar dosto!

1.NIFTY- Nifty opens at 16196 today and close at 16025 , I clearly mentioned yesterday that market will be bearish today.
       yet opens in green in first hour but after then start correcting in cash, don't forget to visit youtube for that
2. Nifty today take support at 16000 in cash , current view compeletly bearish for tomorrow also
3.Nifty Support now 16000 & 15750
        Resistance at 16200 & 16400
4.BANKNIFTY - In Bank nifty 34700-750 zone also working as a resistance which is being crucial now , whenever broke we  will see good upside move towards 35600-700 zone
5.IN banknifty current support is 34150 then 33900 & 33600
        Support - 34150-33900
        Resistance - 34700-750
6.kotak bank gave good upside move today made 1940 high , yesterday discussed in video & blog at   1888 , hdfc bank didnt  show much volumes
7. Insurance stocks (Hdfc life 3% , Sbilife 2% ) gave strong closing today keep eye on them for tomorrow
8. Nifty IT fall more then 4% today , Overall fall in last 6 weeks is 15-17% , discussed in 18 april video
9. Nifty midcap fall 2.45% , nifty small cap fall 3%
10. Sugar stocks also falls 8-15% as yesterday I discuss in blog
11. FIIs selling continue in this month , today FIIs sells 1803Cr. net value of stocks
12. FOR EXPIRY TRADE - call side open interest is higher then the put side open interest ,              16200CE  shows highest total OI , as per the option data view is also negative here in nifty
13. Dow open slight positive but wait for the closing. 

 

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