- US markets ended mixed, Most Asian markets are slightly higher
- SGX Nifty now trading almost flat, after falling 30, 40 points
- Markets will be reacting to good numbers from Axis Bank, Bajaj Finance also
- Nifty has shot up nearly 500 points in last one week, even when FIIs keep selling on every day
- Nifty future once again started trading at discount
- Bank Nifty is more volatile due to big moves by HDFC Bank
- Yesterday it moved about 40 points. Usually 40 points move will make Bank Nifty to move 800 points
- Huge OI added at 14600PE and 14500PE
- So Nifty is likely to take very good support between 14550 and 14600
- But at the same time, be ready for big moves.
- Nifty future may trade between 14580 and 14780
Nifty/Banknifty for 28 April 21
Nifty : 14653
Rest: 14800 & 14950
Sup: 14555 & 14500
PCR: 1.41
Banknifty : 32735
Rest: 33200 & 33780
Sup: 32395 & 32175
PCR: 1.27