Weekly View May26: Volatile week ahead

Last week we saw a good volatile week with Nifty's high at 25062 and low of 24462 for the week.

Nifty did reverse on expected date of May 21 against all odds and as shared on the instagram reel we did dip on Next day May 22 and again reversed on May 23 and closed the week at 24853.

The Technical Setup is now Mild Bullish with immediate Resistance above at 24944, 25010, 25053, 25129, 25174 then 25254, 25400, 25639-25739 (Gap resistance) are medium term resistances.

Below given support level held and markets have reversed from here.

Support levels are 24,703, 24,550, 24,474, 24342

Nifty may open a bit bearish on May 26 but then it can try to recover in the same day.

There is good one sided move expected on Friday

Astrological View for May 30: Negative (May 30 high probability)

Weekly Resistance 25053 and Weekly Support 24342.

We may try to test the levels of 24342 where we do have a support on Nifty this week.

Bullish view will get more confirmation over 25,053 and Bears takes charge below 24550 again.

Important Astro Weekly Date and Time (Note always keep your levels and stop-loss in mind before trading or investing)

Disclaimer:- The Website is meant for educational purpose only, the views expressed with regards to index is to showcase the power of Astrology and Technical. Trading on the given inputs involves significant risk of losing money. Do not trade based on the given views and always consult your financial advisor before trading or investing. Mbqinvest.com cannot be held responsible for any losses occurred due to trading. Blog once rewritten cannot be updated in real time so do not work based on the same.