Market Analysis For 20-May-24

NIFTY Prediction

NIFTY (22,466) Nifty is currently in positive trend. If you are holding long positions then continue to hold with daily closing stoploss of 22,186 Fresh short positions can be initiated if Nifty closes below 22,186 levels.

NIFTY Support 22,374 – 22,281 – 22,217

NIFTY Resistance 22,530 – 22,594 – 22,687

BANKNIFTY Prediction

BANKNIFTY (48,116) Banknifty has entered into positive trend in last trading session. You can go long in Banknifty with stoploss of 47,371 on daily closing basis. Banknifty would be considered strong till it trades above 47,371 levels.

BANKNIFTY Support 47,853 – 47,591 – 47,424

BANKNIFTY Resistance 48,283 – 48,451 – 48,713

FINNIFTY Prediction

FINNIFTY (21,478) Finnifty is currently in positive trend. If you are holding long positions then continue to hold with daily closing stoploss of 21,156 Fresh short positions can be initiated if Finnifty closes below 21,156 levels.

FINNIFTY Support 21,362 – 21,247 – 21,173

FINNIFTY Resistance 21,552 – 21,625 – 21,741

SENSEX Prediction

SENSEX (73,917) Sensex is currently in positive trend. If you are holding long positions then continue to hold with daily closing stoploss of 72,973 Fresh short positions can be initiated if Sensex closes below 72,973 levels.

SENSEX Support 73,561 – 73,205 – 72,950

SENSEX Resistance 74,172 – 74,427 – 74,783

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