Good Morning!
It seems like Nifty doesn’t like to cross over the levels, instead it often likes to jump to the destined levels. Which we did very well witness in the Yesterday’s Trading Session. As quite often the index had been facing a lot of Resistance at around 16400, it finally chose to take a jump to our predicted level of 16700 yesterday, as it made a high of around 16695.
This week will however be a very crucial one for the upcoming time horizon. Where a favourable closing of above 16700 will be a good sign for the Bull Market. On the other hand, a closing of below 16400 can raise our eyebrows.
In the Meanwhile, continue being stock specific.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Nifty’s Closing as on 30.05.22 - 16661.40
Regards,
Alok Daiya
It seems like Nifty doesn’t like to cross over the levels, instead it often likes to jump to the destined levels. Which we did very well witness in the Yesterday’s Trading Session. As quite often the index had been facing a lot of Resistance at around 16400, it finally chose to take a jump to our predicted level of 16700 yesterday, as it made a high of around 16695.
This week will however be a very crucial one for the upcoming time horizon. Where a favourable closing of above 16700 will be a good sign for the Bull Market. On the other hand, a closing of below 16400 can raise our eyebrows.
In the Meanwhile, continue being stock specific.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Nifty’s Closing as on 30.05.22 - 16661.40
Regards,
Alok Daiya
Disclaimer: alokdaiya.in/disclaimer/
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya