- Will Nifty stabilise around 14500?
- Asian markets is mostly marginally lower. SGX Nifty is almost flat
- Yesterday ICICI Bank and Reliance helped the markets to stay higher
- Today Bajaj Finance, Maruti, Axis Bank will be declaring results
- Axis Bank will declare results after market hours, Maruti and Bajaj Finance are likely to declare results during market hours
- Bank Nifty is trying to stabilise and out perform, as it has under performed in last 8 weeks
- But HDFC Bank is not helping, today Kotak Bank is likely to under perform
- Markets are likely to be more volatile, at least that is what Option prices indicate
- India VIX refuses to go below 20
- FIIs once again have sold for more than Rs 1000 crores in Cash market
- Nifty future is likely to trade between 14380 and 14580
Nifty/Banknifty for 27 April 21
Nifty : 14485
Rest: 14615 & 14650
Sup: 14350 & 14295
PCR: 1.22
Banknifty : 32275
Rest: 32825 & 33200
Sup: 31845 & 31600
PCR: 1.14