16th April Strategy:
Global: Negative
FII: Positive
DII: Negative
F&O: Neutral
Sentiment: Negative
Trend: Negative
Nifty 8600-8750 BankNifty 18000-18200 Important Support Zone
Nifty 9100-9250 BankNifty 19900-20300 Strong Sell Zone
Nifty 8800-9000 Small Day Range, 8750-9100 Medium Range, 8650-9250 Bigger Range
BankNifty 18800-19300 Small Day Range, 18500-19450 Medium Range, 18200-19900 Bigger Range
For Existing Long Positions:
Nifty intraday SL 8875 n Closing 8750
BankNifty intraday SL 18750 n Closing 18900
For Existing Short Positions:
Nifty intraday n SL Closing 9150
BankNifty intraday SL 19500 n Closing SL 20000
For New Positions:
Sell Nifty in 9000-9125 range:
SL 9300 Tgt 8900, 8800, 8750, 8650
Buy Nifty in 8600-8650 range:
SL 8500 Tgt 8750, 8800, 8900, 9000
Sell BankNifty in 19300-19500 range:
SL 20000 Tgt 19000, 18800, 18500, 18200
Buy BankNifty in 18200-18400 range:
SL 18000 Tgt 18700,18900, 19150, 19300
PCR 1.27 VIX down by 3% to 49.74
