28th May 2024 | NIFTY CE Above 23200 | PE Below 22800
[hfe_template id='11223']
[hfe_template id='33462']
[ad_1]
NIFTY Prediction
Nifty experienced a day of volatile trading. It opened positively and climbed steadily in the first half. However, a sharp drop in the last hour wiped out all gains, causing Nifty to close in the negative. We anticipate further consolidation before the next uptrend begins. Given the recent sharp increase, sideways movement is likely, so Nifty may consolidate around 23,000 until the monthly expiry. The resistance zone is at 23,200-23,500, while support is found at 23,000-22,800.
BANK NIFTY Prediction
Bank Nifty started the day above the 49,000 resistance level but faced selling pressure between 49,000 and 48,700, establishing a new resistance range of 49,600 to 50,000. Significant put writing at the 49,000 strike price suggests strong support at this level. A close above 49,600 could propel Bank Nifty towards 50,000. The overall sentiment remains bullish, suggesting a buy-on-dip strategy with a stop loss set at 48,900.
Breakout Stock for Trading (Future, Option & Swing Trading) with Last Day Breakout
| Sr. | Stock Name | Symbol | Links | % Chg | Price | Volume |
|---|---|---|---|---|---|---|
| 1 | Glenmark Pharmaceuticals Limited | GLENMARK | P&F | F.A | 8.06% | 1119.45 | 5,960,921 |
| 2 | Ashok Leyland Limited | ASHOKLEY | P&F | F.A | 7.59% | 226.7 | 82,852,947 |
| 3 | Jubilant Foodworks Limited | JUBLFOOD | P&F | F.A | 5.23% | 491.15 | 7,860,977 |
| 4 | Persistent Systems Limited | PERSISTENT | P&F | F.A | 5.11% | 3736.7 | 1,556,306 |
| 5 | Rural Electrification Corporation Limited | RECLTD | P&F | F.A | 4.5% | 579 | 28,217,127 |
Facebook - https://facebook.com/gagashareindia
Youtube - https://youtube.com/c/gagashare
[ad_2]
[hfe_template id='33462']
https://mrgaga.in/28th-may-2024-nifty-ce-above-23200-pe-below-22800/?feed_id=40175
Comments
Post a Comment