Market Outlook for 03-07-2023 trademaster July 3, 2023

Market Outlook for 03-07-2023

Bank Nifty:

Bank Nifty has crossed above 44151. The next resistance is at 45536. 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 44151
Next Resistance: 45536
Continuing Bullish
IIBank Nifty between 43541 to 44151Sideways
IIIBank Nifty sustaining below 43541Continuing Bearish

Nifty 50

Nifty 50 has crossed above 18760. 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 18853.
Next resistance: 19248
Continuing Bullish
IINifty 50 between 18853 & 18750Sideways
IIINifty 50 crosses below 18750Continuing Bearish
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