NIFTY OUTLOOK & BEST OPTION TIPS FOR 26 MAY 2023

ASHOKLEY STOCK PREDICTED BY US IN YESTERDAY'S 8.00 PM STOCK SUGGESTION TO CHECK VISIT https://niftytipsniftylevels.blogspot.com/2023/05/stock-suggestion-for-25-may-2023.htmll WAS DOWN BY 3% , IN TOP LOSER ,PFC UP BY 2.16 %

TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html

On the final day of the monthly F&O series, the benchmark indices enjoyed a volatile trading session, with the Nifty closing 36 points higher. Among sectors, reality and digital indices were up nearly 1%, while PSU banks and pharma stocks posted intraday gains. Indian benchmark indices ended the highly volatile session on May 25th on a positive note. To finish, the Sensex was up 98 points, to 61872 and the Nifty was up 35 points, to 18321. Global markets maintained their influence, exerting downward pressure on the domestic market in response to weaker signals from the US market and the recession in Germany. However, as US futures rose, fueled by a sharp increase in chipmaker Nvidia's sales forecasts, the domestic market efficiently erased its earlier losses.

Nifty remained volatile throughout the day but found support around 18200 before moving higher. The RSI is in a bullish crossover on the lower time frame, suggesting that the momentum is in the bulls' favor. On the upper end, resistance is seen at 18450. Support is seen at 18250. Overall, the outlook for the market is positive, but some volatility is still to be expected. Traders should take profits on rallies and look for buying opportunities on downturns. The battle between bulls and bears continues in the Bank Nifty Index. The bulls have tried to push the index higher, but the bears have been successful in containing it. The monthly cycle was characterized by volatile trading but the index held the 43500 support. This is a positive sign for the bulls as it shows that demand for the index remains at this level. Resistance is at 44000, where the highest open interest is being built on the call side. This means that if the index can break through this resistance level, there is a lot of potential for a rise.

Resistance: 18350, 18400, 18450

Support: 18300, 18250, 18200