- Dow futures up 200 points due to strong US Jobs data
- Many Asian markets are closed
- SGX Nifty hit a high of 15020 but corrected
- US Dollar is likely to strengthen
- That could be one reason why SGX Nifty is lower
- RBI policy is on Wednesday, RBI is expected to maintain the status quo
- We can expect some consolidation for next few days between 14800 and 15200
- Nifty future moving between 14260 and 15450
- Nifty future may trade between 14880 and 15020
- Nifty now a stronger index vs Bank Nifty
Nifty/BankNifty 5 April 21
Nifty : 14867
Rest: 15000 & 15065
Sup: 14705 & 14675
PCR: 1.66
Banknifty : 33858
Rest: 34230 & 34325
Sup: 33500 & 33250
PCR: 0.9