Nifty Prediction for the week May 15-19, 2023 by BL GURU

The Indian equity markets have moved up well last week while the US indices fell. The domestic markets are showing good divergence from the US markets. This is a positive. Overall, the trend is still up. The Indian markets are looking bullish while the US is slightly unclear. Nifty and Nifty Bank have closed the week on a strong note and can rise further going forward. Nifty has an immediate support at 18,200 and then in the 18,000-17,800 region. Outlook is bullish to see 18,550-18,600 in the near-term. Bank Nifty can rise to 44,500-44,600. It has supports at 43,250 and 42,820 Dow Jones is unclear. It can either sustain above 33,000 and rise from here itself or fall to 32,500 first and then see a fresh leg of upmove. #niftyprediction, #nifty, #nifty50, #niftyanalysis, #niftyweeklyanalysis, #niftytomorrow, #niftytomorrowprediction, #niftyviewtomorrow, #nifty_bank_nifty_prediction, #banknifty, #bankniftyprediction, #bankniftyanalysis, #bankniftytrading, #niftybank, #bankniftytomorrow, #dowjonesprediction, #dowjones analysis, #usfed, #usfedmeeting, #usfedratehike, #dowjonestrading, #dowjonesindex, #dowjonesanalysis BL Portfolio: https://www.thehindubusinessline.com/portfolio/ Write to the following email ids for any queries on 1) Futures & Options (F&O) : derivatives@thehindu.co.in 2) Technical outlook on the specific stocks: techtrail@thehindu.co.in 3) Mutual Funds: mf@thehindu.co.in 4) Investments, Personal finance: blportfolio@thehindu.co.in SOCIAL MEDIA HANDLES Facebook - Blportfolio https://www.facebook.com/profile.php?id=100086211032670 LinkedIn - BL Portfolio https://www.linkedin.com/in/bl-portfolio-314bb2220 Twitter - @BlPortfolio https://twitter.com/BlPortfolio?t=B3zkMfwKIMuoHWBWJfoZ3w&s=09 -- Follow us on: Website: https://www.thehindubusinessline.com Facebook: https://www.facebook.com/TheHinduBusinessLine Twitter: https://twitter.com/businessline Instagram: https://www.instagram.com/hindu_businessline Spotify: https://open.spotify.com/show/0dT640TEOm9S2ThjMpTCnV?si=aced8445196f48c1