15th April Strategy:
Global: Neutral
FII: Negative
DII: Negative
F&O: Neutral
Sentiment: Neutral
Trend: Negative
Editors Take:
If Nifty crosses, sustains n closes above 9100-9300 range then expect a rally till 9500-9600
If BankNifty crosses, sustains n closes above 20000-20300 range then expect a rally till 21000-21500
15th April Strategy:
Nifty 8750-8900 BankNifty 19000-19300 Strong Support Zone
Nifty 8900-9100 Small Day Range, 8800-9200 Medium Range, 8750-9300 Bigger Range
Bank Nifty 19300-19900 Small Day Range, 19150-20000 Medium Range, 19000-20300 Bigger Range
For Existing Long Positions:
Nifty intraday SL 8900 n Closing SL 8750
BankNifty intraday SL 19300 n Closing SL 19000
For Existing Short Positions:
Nifty intraday n Closing SL 9150
BankNifty intraday n Closing SL 20000
For New Positions:
Buy Nifty:
SL 8900 Tgt 9000, 9100, 9200, 9300
Sell Nifty in 9300-9500 range:
SL 9600 Tgt 9200, 9150, 9000
For New Positions:
Buy BankNifty:
SL 19250 Tgt 19900, 20000, 20300, 20500
Sell BankNifty in 20300-20500 range:
SL 20700 Tgt 20000, 19900, 19600, 19500
PCR 1.39 VIX up 3% 51.46
