Market Outlook for 05-06-2023 trademaster June 4, 2023

Market Outlook for 05-06-2023

Bank Nifty:

Bank Nifty has resisted 44151. The case-to-case-based analysis of positions that may be initiated is given below.

Case No.ParticularsPosition to be Initiated
IBank Nifty sustains above 44151Continuing Bullish
IIBank Nifty between 43482 to 44151Sideways
IIIBank Nifty sustaining below 43482Continuing Bearish

Nifty 50

Nifty 50 has resisted 18604. The case-to-case-based analysis of positions that may be initiated is given below.

Case No.ParticularsPosition to be Initiated
INifty 50 sustains above 18650Bullish
IINifty 50 between 18500 & 18650Sideways
IIINifty 50 crosses below 18500Bearish
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