8th April Strategy:
Global: Negative
FII: Positive
DII: Neutral
F&O: Negative
Sentiment: Cautious
Trend: Negative
Nifty 8250-8350, 8500-8650 BankNifty 18000-18200, 18500-18750 Important Support Zone
Nifty 8900-9150 BankNifty 19450-19700 strong sell zone
Nifty 8650-8800 Small Day Range, 8525-8900 Medium Range, 8350-9050 Bigger Range
Bank Nifty 18500-19200 Small Day Range, 18350-19450 Medium Range, 18200-19600 Bigger Range
For Existing Long Positions:
Nifty intraday n Closing SL 8600
BankNifty intraday n Closing SL 18500
For Existing Short Positions:
Nifty intraday n Closing 8900
BankNifty intraday n Closing SL 19500
For New Positions:
Sell Nifty:
SL 8900 Tgt 8675, 8575, 8525
Buy Nifty in 8350-8525 range:
SL 8200 Tgt 8575, 8650, 8750, 8800
Sell BankNifty:
SL 19500 Tgt 18750, 18500, 18350, 18200
Buy BankNifty in 18200-18350 range:
SL 18000 Tgt 18500, 18750, 19000, 19100
PCR higher 1.45 VIX down by 6% to 51.80
Sectors: Profit booking in Metals, Banks and NBFCs
