STOCK MARKET

 26-05-2021   #NIFTY OVERVIEW #NIFTY UPDATE #NIFTY

OVERVIEW ABOUT TODAY NIFTY AND ALSO TOMORROW WHAT HAPPEND IN MARKET.

Looking to previous day candle today gap up almost (PC is Rs. 15197- TO is Rs.15291) 94 point (0.61%).

Q.1) Why Today nifty not move up. and also bearish heavy in market.?

Ans. 1st thing is resistance level around 15325 (this is very crucial level) almost near gap up opening today. so bear got a chance to dump market. 

Q.2) In a Lockdown period why nifty touch 15294 level. while nothing is on.?

Ans. Because of in lockdown period almost all people not working their business or job. so people try to earn money through of stock market and they put their money in stock market. so nifty touch higher high without market open.

Q.3) Will nifty more go down.?

Ans. Well according to today movement present more bearishness pressure show in nifty. next day (26-05-2021) may nifty go down.

Q.4) what level nifty go down.

Ans.  1st suppoort level 15120-15130 zone. if break this level then next support 14950-14970 zone. see tomorrow.

Q.5) when to buy nifty?

Ans. This level not to buy because nifty travel overbought zone. wait for some correction. after then entry can be taken.