MARKET VIEW FOR 22 JUNE 2023 NIFTY50 If the Index trades bel | ThirstyBulls™: Financial Academy

MARKET VIEW FOR 22 JUNE 2023

NIFTY50

If the Index trades below the 18800 level, there is a possibility of it slipping further to 18780, 18730, and 18700.
The index has been facing resistance at higher levels and lacks sufficient volume for a breakthrough.
However, if the market manages to surpass the 18880 mark, there might be short covering which could potentially drive the index up to 18950 and 19000.

BANKNIFTY


In the case of the Nifty Bank, it is crucial to monitor the 43800 level. If this level is broken, there is a possibility of the market slipping to 43700 and 43500.
On the upside, if the level of 43900 is crossed, it may indicate further upward movement, potentially reaching levels of 44000 and 44150.

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