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
All the Best