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Nifty 50|Nifty weekly update:23rd-27th May,2022

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Nifty 50|Nifty weekly update

Nifty 50 experienced buying at major support as it failed to breach the level of 15740-720 and experienced some buying to close with a weekly gain of 3.07%. 

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Nifty 50|Nifty weekly update

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Nifty 50|Nifty weekly update

Last week’s volume of around 1.24 million contracts was above average and being accompanied by bullish under tones provide some support for further upside.

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Nifty 50|Nifty weekly update

Recovery from the preset level (highly probable) may be slow & steady and pull the index towards its first supply zone of 16260-280.