Market Outlook for 31-05-2023 trademaster May 31, 2023

Market Outlook for 31-05-2023

Bank Nifty:

Bank Nifty has crossed 44151 resistance. 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 reached 18604 successfully. 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 18601Bullish
IINifty 50 between 18500 & 18601Sideways
IIINifty 50 crosses below 18500Bearish
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