May 22, 2022May 22, 2022 0 Comments
Market Setup for the 22nd of May: Technical Levels to Watch
Technical View on Nifty
- Nifty showed some wild moves in last week’s trading session with big Gap-up and big Gap-down opening but closed on a positive note after 6-week losing streak.
- Now resistance on the upper side to watch will be16400-16450.
- We can see an upside rally up to 16650-16700 once closed above 16400.
- Immediate support level- 16150-16200.
- Major Support level- 16000,15800,15750
Technical View on Bank Nifty
- Bank Nifty rose by around 1000 points in the Friday session but still major banks trading in negative territory.
- Upside till 34750-34800 if open positive.
- Minor support level- 33500-33600.
- Major support level- 32000-32050.
