Good Morning!
Since the past few days, we can clearly observe that Nifty is neither being able to cross over 16700 nor is breaking down the crucial support level of 16400 on the downside. Thereby, reflecting a strength in the Market.
As per the current chart setup we are positively expecting to witness a breakout of above 16700 today, subject to any systematic risk. So, altogether today will somehow be a very crucial day for the Market. Wherein, if we get to witness a stable closing of above 16700 today, then it can be very favourable for the market in the upcoming days.
Also, since the Market is still trading in a stock specific zone, it will be suggested to continue being stock specific as of now.
Stocks on Radar:
HDFCLIFE, PAYTM, KOTAKBANK
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Nifty’s Closing as on 02.06.22 - 16628
Regards,
Alok Daiya
Since the past few days, we can clearly observe that Nifty is neither being able to cross over 16700 nor is breaking down the crucial support level of 16400 on the downside. Thereby, reflecting a strength in the Market.
As per the current chart setup we are positively expecting to witness a breakout of above 16700 today, subject to any systematic risk. So, altogether today will somehow be a very crucial day for the Market. Wherein, if we get to witness a stable closing of above 16700 today, then it can be very favourable for the market in the upcoming days.
Also, since the Market is still trading in a stock specific zone, it will be suggested to continue being stock specific as of now.
Stocks on Radar:
HDFCLIFE, PAYTM, KOTAKBANK
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Nifty’s Closing as on 02.06.22 - 16628
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