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Nifty 50|Nifty weekly update:16th-20th May,2022

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Nifty 50|Nifty weekly update

Nifty 50 continued to experience weakness as it followed global equity markets which are experiencing selling pressure. Last week Nifty lost around 3.82%. 

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Nifty 50|Nifty weekly update:16th-20th May,2022

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Nifty 50|Nifty weekly update

Friday’s (May 13th) closing happened at a major demand zone and a upside rally from present levels may not be ruled out. 

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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.