Nifty Analysis : 29 May 2019

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Hello Friends,

Today, Nifty opened gap down at 11907 around 50 points down from yesterday's close 11958.

As mentioned in yesterday's analysis, below 11860 more selling pressure was expected.
During first half session, nifty traded sideways and later moved below 11860 & touched low of 11837 however, there was a sharp recovery and closed around 11860 mark.



For past 3 days, nifty traded in the range of 11800 to 11960 levels.
Tomorrow is Monthly F&O expiry hence we may expect volatile movements
Bearish pressure below 11800 levels can be seen.
11700 & 11600 level should act as important support levels.

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Disclaimer: I am not SEBI Registered analyst. All above analysis are just for study purpose.
I am not responsible for any gain or loss arising out of trades taken based on the study shared above.
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