28th April Strategy:
Global: Positive
FII: Neutral
DII: Positive
F&O: Neutral
Sentiment: Positive
Trend: Neutral
Nifty 9150-9200 Bank Nifty 19600-19850 Strong Support Zone
Nifty 9400-9600 Bank Nifty 20650-20850 Higher Zone
Nifty 9250-9350 Small Day Range, 9175-9375 Medium Range, 9150-9500 Bigger Rang
Bank Nifty 19850-20450 Small Day Range, 19700-20650 Medium Range, 19600-20850 Bigger Range
For Existing Long Positions:
Nifty intraday n Closing SL 9150
Bank Nifty intraday n Closing SL 19700
For Existing Short Positions:
Nifty intraday n Closing SL 9400
Bank Nifty intraday n Closing SL 20300
For New Positions:
Buy Nifty:
SL 9150 Tgt 9350, 9375, 9400, 9475
Sell Nifty in 9475-9600 range:
SL 9650 Tgt 9400, 9350
Buy Bank Nifty
SL 19800, Tgt 20300, 20500, 20650, 20850
Sell Bank Nifty in 20650-20850 range
SL 21000 Tgt 20550, 20450, 20350
PCR 1.36, VIX down 3% 38.04
Sector
Positive: Pvt Bank, NBFCs, Metals, Cement
Result Analysis
Buy Indusind Bank Futures;
SL: 390, Tgt: 425, 445, 455
Strong Results but provisioning up. Big Short Covering expected.
HDFC Life Futures Range:
Mix Results
Support Zone 435-445
Higher Range 520-525
Stock of The Day:
Buy Ambuja Cement Futures:
SL 170, Tgt 180, 183
Margins suprpised, Operationally very strong results
