Adding to this Unease, Post-MARKET HOON on Friday, Us President Donald Trump Announced A Recommendation for a Steep 50% Tariff on European Union Goods, Set to TAKE EFFECT ON JUNE JUN JUN JUN JUN JUN JUN Trade conflict between the us and the eu and further clouding the global equity outlook.
From a technical standpoint, nifty 50 continues to face resistance in the 25,100–25,200 zone. Despite this, The Broader Market Trend Remains Bully a “Buy-on-Dips” Strategy Still Being Favored. For the current week, nifty 50 is expected to trade within a range of 24,500–25,200, with 24,500 Acting as a Critical Support Level.
Sustaining Above This Level may Pave the way for a Rebound Towards 25,200, While a Close Below 24,500 Cold Trigger a Downside Move Towards the 24,000 mark, Making 24,500 a key Pivot Level to monitor.
Bank nifty
Similarly, bank nifty has exhibited range-bound movement through the week, consistently oscillating between the 53,000 and 56,000 Levels. Immediate support lies in the 52,500–53,000 zone, While Resistance Continues to be Capped at 56,000.
Conclusion
In conclusion, both nifty 50 and bank nifty have managed to close about their respective crucial monthly support levels – 23,500 for nifty 50 and 52,000 for bank nifty – Signaling UNDERLING Strength in the broader indices. Long-Term Support Levels Remain Critical At 21,700 For Nifty 50 and 50,500 for Bank Nifty, Serving as Key Reference Points for Initiating Fresh Posations AMID ONOGENG Global Volati Volati Volati
Weekly stocks to buy or sell
Buy icici prudential life insurance company ltd at 640; Stop loss of 620; Target price of 670
Buy Tata Consultancy Services Ltd (TCS) at 3,508; Stop loss of 3,475; Target price of 3,600
Buy Gail (India) Ltd at 191; Stop loss of 184; Target price of 204
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