17th April Strategy:
Global: Positive
FII: Negative
DII: Positive
F&O: Neutral
Sentiment: Positive
Trend: Negative
Nifty 8750-8825 BankNifty 18800-19200 Important Support Zone
Nifty 9250-9400 BankNifty 20150-20500 Strong Sell Zone
Nifty 8925-9100 Small Day Range, 8825-9250 Medium Range, 8750-9400 Bigger Range
BankNifty 19150-19900 Small Day Range, 19050-20300 Medium Range, 18800-20500 Bigger Range
For Existing Long Positions:
Nifty intraday n Closing 8900
BankNifty intraday n Closing 19000
For Existing Short Positions:
Nifty intraday n SL Closing 9150
BankNifty intraday n Closing SL 19500
For New Positions:
Buy Nifty:
SL 8900 Tgt 9125, 9250, 9300, 9400
Sell Nifty in 9300-9500 range:
SL 9600 Tgt 9250, 9150
Buy BankNifty:
SL 19000 Tgt 19900, 20150, 20300, 20500
Sell BankNifty in 20300-20600 range:
SL 21000 Tgt 20150, 19900, 19600
SECTORS
Positive: Metals, Banks, NBFCs
PCR 1.40 VIX down by 4% to 46.10
