Market View 27 May 22

Nifty (16170) the Nifty traded lower but bounced back due to short covering to close flat for the day…technically 16000 is a crucial support and upside to 16400-600 is a possibility…

Bank Nifty (35091) the Nifty bank traded in the red to bounce back to close in the green and saw the high close to a resistance of 35200…technically now 34600 is a crucial support to deal with and upside to 35880 is a possibility if it stays above 35200