Stockmarket view provides daily stock market setup also trading ideas on banknifty and nifty,stock picks, and portfolio tracker on picktrades

Before we go ahead for stock market view let’s discuss today’s scenario 16/05/2022

evenmore we  discussed #Banknifty future has the resistance at 33000 & support of 34000 #Nifty future has the resistance of 16300 & support of 16100. our view was to buy on the breaking of support goes well and we made good bucks.


Further more Stock market view trend change level in banknifty is (33640) & nifty is (15943 ) activate this level also.


Firstly Stock market view for trading date 16/05/2022 & also Chart of both

Moreover Nifty May Future Levels

Buy Above @16000 Target 16050,16110,16150

Sell Below  @15800 Target 15760,15700,15650



* 15800 is nevertheless Highest OI at 15 Lakh with strong support at 15800

* 16000 nevertheless the highest OI 24 Lakhs strong resistance at 16000



Also Bank Nifty May Future


*Buy above @34000 Target  34110.34220,34350

Sell below   @33000 Target  32910,32820,32750

33000 PE nevertheless highest OI 16.50 Lakh with strong support at 33000


34000 CE nevertheless highest OI 23 Lakh, strong resistance ce 34000



Moreover good script t trade on Stock market view 17.05.2022  (ON TREND SIDE)

GNFC BUY 625 TARGET 632,640


Too Trend chaning level for 17.05.2022



( Trend change with opening price if opening price of both index is below the levels then go for buy when level break vertically and vice versa for if opening price is higher than the mention levels price)

Firstlly Intraday time for reversal can be at 9:46/11:42/12:32/1:43/2:40 

Secondly The Option Table data indicates decent support at 16000 and reasonable resistance at 15800. There is total OI of 48 Lakh on the Call side and 54 Cores on the Put side, So, the activity is more on the PUT side, indicating option writers are in the Bearish zone.


Again FII’s sold -1788.93 Crcores and DII’s bought 1428.39 cores in the cash segment. USDINR closed at 77.5450

Finally Positional Traders Stay long till we are holding Trend Change Level 15752 for nifty & for banknifty 33000 and stay short below it. That will help you stay on the side of Institutions which has a greater risk-reward ratio

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