Market Outlook for 08-05-2023 trademaster May 8, 2023

Market Outlook for 08-05-2023

Bank Nifty:

Bank Nifty has crossed below 43000.

Case No.ParticularsPosition to be Initiated
IBank Nifty sustains above 43500. Upto
Next Resistance at 44151
Continuing Bullish
IIBank Nifty between 42500 to 43500Sideways
IIIBank Nifty sustaining below 42500Bearish

Nifty 50

Nifty 50 has sustained above 18170 levels.

Case No.ParticularsPosition to be Initiated
INifty 50 sustains above 18170.
Next resistance 18332
Continuing Bullish
IINifty 50 between 18050 & 18170Sideways
IIINifty 50 crosses below 18050Bearish
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