Abhijit_Paul

Nifty InstaView 27 May’21: Show of Strength 


NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES

Nifty View: Benchmark index Nifty manages to show fine resilience as it managed to close well above the psychological 15K to mark the close of the derivatives expiry today. The index is close to its life high and considering the nature of the underlying momentum a possibility of a new life high is very high now. For the next two trading sessions, both Banks and Metals will be important sectors that can help the index sustain at the current levels. IT played a brilliant role just when it was needed and moving ahead it's the Metals (which has been correcting off late) that should post a bounce back. All eyes on SAIL, TATASTEEL, JSW and JINDAL. Immediate support for the index to watch for is at 15,250.

Thank you for following my work and please feel free to share your thoughts and suggestions.      
 

Trade Well. Trade Wise. 

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter