Kal Ki Baat Aaj, Nifty BankNifty Important Levels & Strategy For 28th May & Stock Of The Day

Kal Ki Baat Aaj, Nifty BankNifty Important Levels & Strategy For 28th May & Stock Of The Day

Kal Ki Baat Aaj King Research:

After last week breakout above the strong resistance zone of 14900 – 15050 Nifty consolidating in 400 points range since Monday.
Nifty was closed at 15337 on the 27th of May 2021. We already told you in our series Kal Ki Baat Aaj that for Nifty fut the immediate resistance around 15370 – 15430 and important support at 15215 – 15170 on the lower side. On the data front, we saw heavy open interest at 15000 – 15100 which will act as strong support. If the Nifty stay below 15270 we may see a little panic in the market.

Banknifty was closed at 35095. Immediate resistance at 35156 – 35470. Strong support at 34256 – 33170 any decline or panic we only think to buy only. Our ultimate target is 40000.

Stock Of The Day:

King Resaerch Best Online Share Market Classes

SBI Life

SBI Life consolidating in 30 points narrow range near its previous breakout level. One can expect an upside breakout in this counter above 990 we may see more traction in SBI Life. Keep this stock on a watchlist.

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