• Deepak

Index level for 24 May

Nifty Future close at 11692

Resistance at 11825 / 11880

Support at 11645 / 11601

View: - Elections are over now. Market is back to its original self. Some position adjustment may still happen going forward till FNO Expiry of May.

For today expecting bounce-back in Nifty n BankNifty, Yesterday low should hold in Nifty to a lower end at 11600 for NF. A test of 11880 is likely today / going forward.

Dip buy mode is likely. Data is not suggesting a downside for Index. Yesterday's trade seems more like position adjustment / profit booking.

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