StreetView for 31st March

StreetView for 31st March

Here is the today’s streetView Morning update :

Global cues for today : Major global indices were mixed as of yesterday, US Markets and European markets ended lower where as Asian markets closed higher.

SGX Nifty trading at 17500 levels in early hour trades indicating flat opening for Indian indexes.

Crude Oil and Gold are trading lower where as US Dollar is trading flat in early hour trades.

News :

  • Defense ties, reducing Russian dependence focus of UK minister’s India visit
  • Oil prices tumble more than $5 a barrel as Biden weighs massive reserves release
  • Russia bombards areas where it pledged to scale back
  • Sensex hits highest level since Feb 10 on hopes of Russia-Ukraine truce
  • US official warns India, others against increasing Russian oil imports

Technicals for indices :

Lets see Index Future Levels and charts for today

Nifty Futures managed to break higher level in yestrday’s trade so today it may remain bullish as long as it holds lower support levels of 17420-17390.
Resistance may come at 17540-17575, 17880-17910 Levels.

Bank Nifty futures ended higher holding previous gains so outlook for today will remain strong if it holds above 36000 levels. Supports may come at 36225-36175, 36040-35990 Levels.
Resistance at 36470-36520, 36800-36850 Levels.

Here are the Index Futures charts :

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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