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.