StreetView for 4th April

StreetView for 4th April

Here is the today’s streetView Morning update :

Global cues for today : Major global indices were mixed as of Friday, US Markets & European markets ended higher where as Asian markets closed Mixed.

SGX Nifty trading at 17700 levels indicating flat opening for Indian indexes.

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

News :

  • China reports 13,000 Covid cases, most since end of Wuhan’s first wave
  • Crucial test for Indian foreign policy as US threatens ‘consequences’
  • Pakistan political crisis: Imran Khan says US diplomat Donald Lu involved in ‘conspiracy’ to topple his govt

Technicals for indices :

Lets see Index Future Levels and charts for today

Nifty Futures managed to close higher in Friday’s trade. It has resistance close to 17790-17825 Levels, Support may come closer to 17530-17500, 17420-17390 Levels.

Bank Nifty futures approaching higher levels resistance close to 37580-37630. Supports may come at 36950-36900, 36450-36400 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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