- US markets closed mixed with DOW up and Nasdaq down
- SGX Nifty is showing almost 180 points higher
- There is no reason for such a big gap up
- US Bond yield down to 1.66, Dollar Index at 92.32, Crude is not down significantly
- Market may continue extreme volatility in a range
- Indian markets being suppressed by rising covid cases
- Yet another day of record covid numbers yesterday
- Bank Nifty remains weak, has broken the 100 DMA
- Bigger trade may emerge post RBI policy
- Nifty future is likely to trade between 14600 and 14880
Nifty/BankNifty 7 April 21
Nifty : 14683
Rest: 14775 & 14850
Sup: 14500 & 14460
PCR: 1.62
Banknifty : 32501
Rest: 33100 & 33350
Sup: 32100 & 31400
PCR: 0.82