Market Outlook for 09-06-2023 trademaster June 9, 2023

Market Outlook for 09-06-2023

Bank Nifty:

Bank Nifty has shown a fall below 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 crossed above 18604 but is still resisting 18604. There is a high possibility of a downward move considering the present inclination of the market. 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 18700Bullish
IINifty 50 between 18500 & 18700Sideways
IIINifty 50 crosses below 18500Bearish
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