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Last week, Nifty 50 and Sensex fell nearly 2%, while Nifty Bank ended down about 1%. Sectoral indices declined, with BSE IT and BSE Oil & Gas falling the most. With upcoming election results potentially causing volatility, caution is advised. FPIs sold $424 million in Indian equities, totaling $3.06 billion in May. Nifty 50 faces resistance at 22,800, with potential to drop to 21,800. Nifty Bank is range-bound between 48,000 and 50,000. Sensex must break 75,000 to target 76,500; otherwise, it may fall to 72,000. Dow Jones closed at 38,686.32, with key support at 37,850.

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