StreetView for 5th April

StreetView for 5th April

Here is the today’s streetView Morning update :

Global cues for today : Major global indices closed higher as of yesterday’s trade – US Markets, European markets and Asian markets closed positive on Russia-Ukraine truce hopes.

SGX Nifty trading at 17190 levels in morning trades indicating flat to positive opening for Indian indexes.

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

News :

  • US, Europe plan Russia sanctions as Ukraine warns of more civilian deaths
  • Russia has withdrawn two-third of forces near Kyiv, says US official
  • Sebi forms panel to strengthen governance of bourses, other market infra institutions
  • China Finds New Virus Subtype As Daily Cases Exceed 13,000

Technicals for indices :

Lets see Index Future Levels and charts for today

Nifty Futures saw strong up move and closed higher in yesterday’s trade. Going in to today’s trade it has to hold levels of 17680-17730. Resistance may come close to 18125-18155, 18220-18250 Levels where as support may come at 17905-17890, 17750-17700 Levels.

Bank Nifty futures saw sharp up move in yesterday’s trade and closed higher. Today it has to hold levels of 37200-37250. Resistance may come close to 38900-38950, 39250-39300. Support may come at 38050-38000, 37500-37550 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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