Market View | 31 May Start of new series and last day of the month, with election results in 3 sessions and exit polls in next session
In the election volatility Nifty has pulled down to the critical zone of 22400 and 22500.
The break of these levels to be negative and next support is at 22000
As the series has ended the positions have lighten and expect Nifty to retrace the pullback
Banking sector to be in focus for strength along with defensives like FMCG and Auto. Participation from Reliance is key for upmove.
Closing of the session will be important which will be volatile due to exit poll expectation position build up and MSCI Rebalancing flows
### BANK NIFTY
Banknifty was in strength than Nifty in previous holding the critical zone of 48250
Sustaining above 49000, can lead for 50,000
Banknifty key support at 48250
Have low risk participation for trading in markets as volatility will be very high in upcoming days
https://rb.gy/rqxawu
