NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 1 JUNE 2023
TOP LOSER PREDICTED BY US YESTERDAY ONLY
KOTAKBANK DOWN BY 4.24%
BHARTIAIRTEL DOWN BY 2.71%
DIXON UP BY 3.72%
INDUSTOWER UP BY 3%
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
Despite challenges in global economies, the domestic market
posted better-than-expected earnings growth in Q4, as well as FY23 GDP growth
of 7.2%, buoying the market throughout the week. However, the market closed
today on a slightly negative bias, resulting in banks posting strong profit
bookings. Investors became cautious on anticipation of inflationary pressures
in the US after the US debt ceiling was raised. US 10-year bond yields edged
up; The market looks at the development of US interest rates for more
transparency. The benchmark indices Nifty & Sensex ended the weekly
F&O phase-out session lower. Towards the end of the session, Bank Nifty
fell 400 points to hit a daily low of 43706 and Nifty hit an intraday low of 18464.
The Nifty slipped 46 points, to settle at 18487, and the Sensex fell 193
points, to 62428. Among industry indexes, Bank Nifty was down 337 points, to 43790.
Nifty experienced rangebound movement and stayed within a
certain range throughout the day. However, there was strong selling pressure at
closing. Overall market sentiment is expected to remain negative until the
Nifty Index manages to scale above 18475. If the index fails to bounce back
above this level, it could potentially lead to a market correction. On the downside,
support is expected in the 18425 -18350 area. Conversely, expect resistance at
the upper end around 18550-18650.
Resistance: 18500, 18600, 18700
Support: 18450, 18350, 18250
No comments:
Post a Comment