NIFTY SPOT TECHNICAL LEVELS: 27th May 2019

Insignia Consultants

New Delhi

Monday, May 27, 2019

TIME 7:44 AM IST                             

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NIFTY Technical Report

NIFTY DAILY TECHNICAL LEVELS (Current price 11844.10)
S5	S4	S3	S2	S1		R1	R2	R3	R4	R5
11502.50	11623.90	11672.40	11738.00	11801.10		11898.10	11950.20	12015.70	12068.60	12185.60
All technical are for reference only

Key weekly support: 11619.30

Key weekly resistance: 12068.60

Futures and options expiry today will add to volatility. Traders and investors expectation are bullish for Indian stock markets after the election results. I hope this does not turn out to be damn squib and markets fall. Progress of monsoon in the Southern states will be closely watched. On the global front any economic slowdown news will result in more and more foreign portfolio inflows in India. Nifty needs to trade over 11500 over the next three weeks to be in medium term bullish zone.

Happy Stock Hunting

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Website www.insigniaconsultants.in. Prepared by Chintan Karnani

Disclosure: Everyone in team Insignia Consultants makes investment in delivery based trades on stocks listed in BSE and NSE.

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