StreetClose for 4th April

StreetClose for 4th April

Closing Update : Indices opened with gap up above its resistance levels and traded higher for the day to close the day with positive note lead by Financials and Banking stocks.

If we look at broader markets sector wise – Nifty Financial Services, Private Bank and Services sectors were the top 3 gainers on NSE.

Top gainers were HDFC Bank, HDFC and HDFC Life Nifty50 stocks whereas Infy and Tata Consumer were the top losers.

With today’s strong move India VIX cooled off almost 3% to close at 17.91.

Lets check out the Indices Charts and Technicals for today :

Nifty Futures opened higher above resistance levels of 17800 and traded strong to close 2% up. 17700-17800 may act as support for tomorrow and may remain strong as long as this levels is held.

Bank Nifty opened stronger Led by HDFC Bank and closed almost +4% for the day. It opened above the resistance levels of 37580-37630 and traded strong for entire day. For tomorrow it may remain strong as long as 37500 Levels held.

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

Nifty Future

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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