StreetClose for 1st April

StreetClose for 1st April

Closing Update : Tracking weak global cues indices opened lower to recover sharply and closed higher led by Banking, Energy and Reality Stocks.

If we look at broader markets sector wise – Nifty PSU Banks, Energy and Reality sectors were the top 3 gainers where as Pharma and IT sectors closed flat.

Top gainers were NTPC, BPCL and Power Grid in Nifty50 stocks whereas Heromoto, Tech M and Divislab were the top losers.

With today’s strong move India VIX cooled off almost 10.3% to close at 18.44.

Lets check out the Indices Charts and Technicals for today :

Nifty Futures opened lower close to its support levels of 17450 and moved up higher but was trading weaker than Bank Nifty. It faced resistance at higher levels but managed to cross in Second half to close with positive note.

Bank Nifty Futures opened lower above its support levels of 36200 and moved higher sharply to close 1.88% higher for the day. Resistance came close to 36800 Levels but it managed cross higher and rallied 400 points.

Here are the charts of Index Futures as of today’s close :

NIFTY Future Chart

BANK NIFTY Futures :

Disclaimer: The views are in line with the pure chart study, no pre-defined geopolitical factors are considered. Also, we strictly advise not to take any positions just based on the above views. For regular intraday recommendations, you must have our premium subscription.

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