Month: May 2022

Market View 13 May 22

Nifty (15808) we said’ technically the Nifty still looks weak so the range now is 16500-16000’ the Nifty unfolded weak as expected and has closed in the red breaching the 16000 mark…technically Nifty is very stretched and bounce back is possible but a buy signal would be generated above the Nifty trading the 16000 mark… …

Market View 13 May 22 Read More »

Market View 12 May 22

Nifty (16240) we said’ technically the Nifty is so stretched that a bounce back is not ruled out’ the Nifty saw a meek bounce and saw the low near 16000 and has closed mildly in the red…technically the Nifty still looks weak so the range now is 16500-16000 Bank Nifty (34483) we said’ technically 34000 …

Market View 12 May 22 Read More »

Market View 11 May 22

Nifty (16240) we said’ technically it still looks weak…stiff resistance exists at 16600 and downside is open’ the Nifty traded lower and closed in the red as expected…technically the Nifty is so stretched that a bounce back is not ruled out…. Bank Nifty (34483) we said’ technically now stiff resistance exits at 35500 and downside …

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Market View 9 May 22

Nifty (16411) we said’ the Nifty has closed mildly in the red but the larger structure looks weak and I see a flag formation… the breach 16900 will be bad for the market’ the Nifty unfolded as expected and has closed in the red…technically it still looks weak…stiff resistance exists at 16600 and downside is …

Market View 9 May 22 Read More »