Nifty Technical Outlook(Wednesday,25 May):-
In the pre-opening session the markets has started with a positive note. The Sensex is trading at 18435, up 424 points and the Nifty is at 5422, up 27 points.The SGX Nifty is trading at 5360, down 33 points and other Asian markets are also trading negative.It is expected that this market is going to be a value pick market ailthough the broader market is not going to perform well but some of the picks from that category would become good for trade.
In the pre-opening session the markets has started with a positive note. The Sensex is trading at 18435, up 424 points and the Nifty is at 5422, up 27 points.The SGX Nifty is trading at 5360, down 33 points and other Asian markets are also trading negative.It is expected that this market is going to be a value pick market ailthough the broader market is not going to perform well but some of the picks from that category would become good for trade.
Here is the Support & Resistance levels of Nifty today:-
Resistance : Its first resistance level is at 5435 and above this level it could test the resistance level near the 5595 points.
Support : Its first support level is at 5370 and below this level it could have support level near 5315 points.
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