In line with our forecast, 23 May saw Nifty at a high of 16,349.50 and
low of 16,207.25 and closed at 16,237.05. Compared to yesterday, Nifty lost 0.18% that is 29.1 points
On 24 May 2022, we forecast the Nifty to be range bound between 16,190 and 16,600
We forecast the following sectors to be Bullish,
Basic Materials,
Consumer Cyclical,
Consumer Defensive,
Financial services,
Industrials and
Utilities.
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