May 24, 2022May 24, 2022 2 Comments
Market Setup for the 25th of May: Technical Levels to Watch
Technical View On Nifty
- Nifty was under pressure from the opening session and failed to cross the initial high of 16262.80.
- The only reason for the fall in index was India vix as it was 11% up.
- Immediate support in nifty is at 16060-16080 and on the upper side, it needs to cross 16250 for further rally.
- Major resistance level- 16400-16450.
- Major Support level- 15750-15800.
Technical View on Bank Nifty
- Bank Nifty closed in green by rising 43 points, which has made a high of 34600 but with the sell of giving up all the gains.
- Immediate support in BN is at 34100-34150.
- The immediate Resistance level is 34550-34600.
- Major upside movement above 34750-34800.
- Major downside below 33950-34000.