Wednesday, May 23, 2018

Market out look dated 23nd May 2018

Market Trend
Over All trend is bearish but short term entered in over sold and some pull back or consolidation likely in next  few sessions.  After a good result announced by SBI, over all positive bias seen in market due to oversold region.  So at the current level fresh short should be avoid and stock specify moement likely continue in either side.  Concentratealso Index with positive bias.  
Nifty  Spot
Downside support  10490 14080 and below some weakness 10450, resistance 10560, crossover and stay above sharp move towards 10600 10630.
Nifty Future
Buy on decline around 10520 10525  stop loss 10490 target 10560-10610 10650
Bank Nifty
B uy on decline around 25750 + stop loss 25600 target 25900 26000
By -

2 comments:

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