2024-05-14 05:48:03
* Market Update*
* Date: 14th May, Tuesday*
*Good Morning AISM Family *
*Global Markets*: Global markets are suggesting bullish signals, so our Indian markets are likely to start with a *Gap Up * opening today.
* Market Update*: The market has continued to give ample of opportunities to intraday traders with the trending moves. The week has started on a very good note. We have seen decent moves on both the sides giving chances to both buyers and sellers. Market went in downtrend in the first half but the later half was fully controlled by buyers, thereby, making a bullish candle with big lower shadow on daily timeframe.
*Market Expectations*: The momentum no doubt is building on upside, the later half move by the market on yesterday along with the global cues, are suggesting that market will continue to go upside. But it is possible that we see price action similar to that of yesterday's. We can retest the previous day's highs before making a swing high today. My view for the day is bearish. Look for selling, only and only if we enters into range market.
* Trading Plan*: We're going to watch how things unfold before jumping in. We'll go with the flow — if the market keeps going up, we'll follow the rise.
*Today's Focus*: We're keeping an eye on *Bank Nifty & Nifty* for opportunities.
* Important Levels to Watch*
*#BankNifty*
- Support: 47350₹ - 47000₹
- Resistance: 48240₹ - 48700₹
*#Nifty*
- Support: 21940₹ - 21820₹
- Resistance: 22190₹ - 22370₹
5.1K views02:48
A
