Markets Weekly Diairies 28th May -1st June 2018

26273 Bank Nifty Closed for the week, Refer our last week article to audit our performance.

Last week is done and dusted.

This week, we have derivatives monthly expire, GDP data, PMI Manufacturing Data & loksabha 4 by-elections.

BNF Support 26220,26090,25950,25850,25720

Below 26120, Bears have upper hand for the week

Magic Number for bears to control is 25600, far away from the current levels.

1st precaution for bulls is below 26120, 2nd precaution is 25850

BNF Resistance 26450, 26540,26620,26770

Above 26220, Bulls have upper hand for the week

Magic Number for Bulls to control is 26220

1st precaution for bears is above 26354, 2nd precaution is 26540

Monday, we have 4 byelections for Parliament, Results will be out on 31st may – markets may take some cue on expiry day. Need to be careful

Trade from Savings Money

Trade to Survive another day

Trade less

All the Best

Sagar U.S