StreetClose for 5th April

StreetClose for 5th April

Closing Update : Indices opened with gap up tracking positive global cues but couldn’t sustain at higher levels to close with negative note.

If we look at broader markets sector wise – Nifty FMCG, Auto and Energy Sectors were top gainers whereas Financial services, Private Bank and Services sectors were the top 3 losers on NSE.

Top gainers were Adani Ports, Tata motors and NTPC in Nifty50 stocks whereas HDFC Bank, HDFC and Bajaj Finserv were the top losers.

With today’s down move India VIX rose almost 3% to close at 18.49.

Lets check out the Indices Charts and Technicals for today :

Nifty had opened with gap but slipped in initial minutes of trade to test 18000 levels to close the day -0.5%. Nifty Managed to hold its support levels so outlook remains bullish for tomorrow as long as it trades above 17900 Levels. Break below these levels may change the sentiment.

Bank Nifty Futres had higher opening but couldn’t sustain to close the day -1.63% lower. Bank Nifty Futures have still not broken lower support levels in today’s trade so outlook is bullish if it holds above 37800 levels tomorrow. Break below these levels may change the sentiment.

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

NIFTY Futures:

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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