Market report

Posted On: May 21, 2022

23 May 2022 – India Premarket research report

Nifty movement:

20 May saw Nifty at a high of 16,283.05 which was higher than our forecast and 

low of 16,003.85 and closed at 16,266.15.  Compared to yesterday, Nifty gained 2.89% that is 456 points.

On 23 May 2022, we forecast the Nifty to be range bound between 16,290 and 16,600.

Bullish and Bearish stocks:

Stocks likley to start a bullish phase : Alkem, Nestle and Bosch.

Stocks likely to start a bearish phase: C E S C, Jagran and ICICI Bank

Bullish and Bearish sectors:

Sectors with more stocks bullish :

Basic Materials, Consumer Cyclical,

Consumer Defensive, Energy,

Financial services, Industrials and

Utilities.

Actionable intelligence:

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