Domestic and Global Market Supports the Positive Opening For the Week...

WEEKLY EQUITY BULLETIN 27 MAY TO 31 MAY 2024

On the weekly chart, the Indian market ended on a solid note and looks strong for more upside in the upcoming sessions. Last week, BSE Sensex ended 2.01 percent higher at 75410.39, while the Nifty 50 was up 2.18 percent to close at 22957.10 levels.

Now we will expect more volatility and upside move before the election results. Buy on any sharp dip will be the buying opportunity in any sector.

Nifty Future

On a weekly basis, Nifty has major Resistance around 23200, if it breaks and closes above 23200 will see an upside rally till 23500 and further to 23700 levels in days to come.

Major support around 22750, if it breaks & close below 22750 will see sharp downside panic till 22500 and then to 22400 levels in days to come.

Intraday Levels

Nifty Future has resistance around 23100, breaks above 23100 will see intraday upside movement till 23250---23300 levels while Support around 22900, breaks below 22900 will see intraday sell-off till 22750---22700 levels on the Monday trading session.

Bank Nifty Future

On the weekly basis, Bank Nifty has major Resistance around 49200, if it breaks and trade above 49200 will see an upside rally till 49800 and further to 50300 levels in the days to come.

Major Support around 48500, if it breaks and close below 48500 will see a downside fall till 48100 and further to 47850 levels in days to come.

Intraday Levels

Bank Nifty Future has resistance around 49200, breaks above 49200 will see intraday upside movement till 49400---49600 levels while Support around 48800, breaks below 48800 will see intraday sell-off till 48600---48500 levels on the Monday trading session.

Weekly Top Pick Stock (27 May 2024)

Buy RBL BANK Future above 258 levels with a stop loss below 252 levels for an upside target of 265 and further to 270 +++ levels in days to come.

Buy RCF around 155 with a stop loss below 148 levels for an upside movement till 164 and further to 170 +++ levels in days to come. *T&C Apply...