Above Normal Rainfall Likely This Monsoon // Volatile Share Market end in RED

Day Temperature To Rise Across Odisha From Today // Above Normal Rainfall Likely This Monsoon // Volatile Share Market end in RED
Today, Bank Nifty opened above the 49,000 resistance level but encountered selling pressure around the 49,600-49,800 range, setting 49,600 as a new resistance level. Significant put writing at the 49,000 strike price indicates strong support at this level. Closing above 49,600 could drive Bank Nifty towards 50,000. Overall sentiment is bullish, recommending a buy-on-dip strategy with a stop loss at 48,900.
Heatwave To Decline From May 30, Above Normal Rainfall Likely This Monsoon : Above-normal rainfall is expected this monsoon season across the country in a much-needed respite from the heatwave sweeping the country, Indian Meteorological Department chief Mrutyunjay Mohapatra said at a media briefing today.
"The South West Monsoon rainfall over the country as a whole is likely to be 106% of the long-period average with a model error of 4%. Thus, above-normal rainfall is most likely over the country as a whole," Mr Mohapatra said

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