Wednesday, June 1, 2022

MARKET ANALYSIS FOR 2ND JUNE #NIFTY #BANKNIFTY

 Namskar dosto! 



1.Nifty- Nifty open at 16594 close at 16522, closing above 16500 is strength sign , in last 2 hours volumes was good
today nifty tried to trap put writers, nifty closes down by 60 points,Shorts side move was already clear in previous video
tomorrow is expiry expecting a directional move in positive side
support - 16450-16500
Resistance - 16700
2.Banknifty - Banknifty also recovered in the end and take support at 35300 , overall banks have strength and view bullish
to sideways
support - 35300
Resistance - 35800
3.Jsw Steel have Strength recovery above 570 we can see upside 600 Target.
4.In midcap & smallcap only some selected stocks are ready for recovery those who showing good Momentum.
5.Defence stocks HAL,BEL are moving good here


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