- US markets closed at record high on Friday, Asian markets are mostly higher
- But SGX Nifty is down by about 200 points
- Since last two weeks, markets fell more than 400 points on Mondays, SGX Nifty is trading with caution
- Corona cases hit the highest one day rise
- HDFC Bank results seems to be below estimates
- FIIs were net buyers in Cash market on both Thursday and Friday.
- Bank Nifty and HDFC Bank will be in focus
- If Corona virus cases come down, then we can expect some recovery over next few days
- Nifty has already broken 14300 two times and recovered from 14250-14300 levels
- Nifty future may trade between 14400 and 14650
Nifty/Banknifty 19 April 21
Nifty : 14617 Gap down 2day
Rest: 14635 & 14700
Sup: 14425 & 14350
PCR: 1.35
Banknifty : 31977
Rest: 32635 & 33315
Sup: 31250 & 30900
PCR: 0.98