Index View for 19 May 23

Nifty (18130) we said ‘technically it still looks weak and a slide to 18150-18065 is a possibility…and if it bounces back then even 18300 is not ruled out’ the Nifty unfolded as expected and stayed within the range…technically 18268 is the upper range and 18065 is lower range….

Bank Nifty (43752) we said ‘technically 43429 is a crucial support to deal with’ the Nifty has survived the support zone and has closed in the green…technically 43429 is still a crucial support zone to work with…