NIFTY 2 MAY Expiry Analysis

The market (NIFTY50) is currently trading at 22740. From Friday We have seen a sharp Buying.

Now, I can see 2 images.

Bullish Momentum: Will give you a good amount of return if it breaks 22760 level then target 22850+

Bearish Momentum: Will give you a good amount of return if it breaks 22720 level then target is 22600.


Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.

Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.

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TTR