Intraday Stock Market Trend Friday 27 May :- My Dear visitor’s, another hectic month as per the F&O expiry is over. And Indian Stock Market is still showing the weakness. Though, today 26th May near the end trading sessions, Spot Nifty and some stocks rallied well in the upward direction, but that does not prove the strong investor’s sentiment towards a positive directions. It has also been noted that in the next cycle, the open interest is lower and the volume has been continuously trending downwards especially in the cash segment. As per my viewpoint, I am not yet confident about the Indian Stock Market’s strong continuous upward trend for the coming days for two basic reasons: 1. Nifty future is still on discount 2. Though Spot Nifty broke the strong resistance level of 5420 today in the upward rally, but it could not sustain at the end. So my visitor’s, let the market rolls and we have to trade cautiously for the expectation of good time by taking enough precaution and saving our hard earned capital.
