nifty banknifty
#nifty
Support Zone 22146_22054
Resistance Zone 22588_22648
#banknifty
Support Zone 47389_47124
Resistance Zone 48302_48477
Considering the solid recovery from the day's low in the last hour of trade as well as decisively surpassing 22,300 levels on May 16, the market seems to have turned strong after a day of consolidation. The Nifty 50 is likely to be headed towards 22,500-22,600 levels provided 22,300 acts as a support in the coming sessions, experts said.
The Nifty 50 maintained higher highs formation with above average volumes on the weekly F&O expiry session and now traded above all key moving averages with momentum indicator RSI (relative strength index placed at 53) giving a positive crossover, which are all positive signs.
Support Zone 22146_22054
Resistance Zone 22588_22648
#banknifty
Support Zone 47389_47124
Resistance Zone 48302_48477
Considering the solid recovery from the day's low in the last hour of trade as well as decisively surpassing 22,300 levels on May 16, the market seems to have turned strong after a day of consolidation. The Nifty 50 is likely to be headed towards 22,500-22,600 levels provided 22,300 acts as a support in the coming sessions, experts said.
The Nifty 50 maintained higher highs formation with above average volumes on the weekly F&O expiry session and now traded above all key moving averages with momentum indicator RSI (relative strength index placed at 53) giving a positive crossover, which are all positive signs.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.