• Loading stock data...

Index Outlook For 29/Apr/20

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email
The Indian market closed in the green for the second straight day on April 28, which helped the Nifty reclaim 9,300 levels, a shade below its crucial resistance level of 9,400.
The Nifty settled 1.06 percent higher at 9,380.90.

The Nifty failed to hold on to the 9,400 level but closed near its strong opening levels and formed a Dragonfly Doji pattern on the daily charts.

A Dragonfly Doji pattern signals indecision among traders but also indicates that the bulls managed to bring the index close to the opening level. The index has to clear the immediate hurdle of 9,400 for bullish sentiment to continue.

Nifty Future Intraday Level

RESISTANCE 1 – 9432
RESISTANCE 2 – 9477
RESISTANCE 3 – 9516

SUPPORT 1 – 9347
SUPPORT 2 – 9297
SUPPORT 2 – 9253

Bank Nifty Future Intraday Level

RESISTANCE 1 – 20914
RESISTANCE 2 – 21154
RESISTANCE 3 – 21367

SUPPORT 1 – 20455
SUPPORT 2 – 20252
SUPPORT 3 – 20047

Note – Level will subject to Gap up and Gap Down Opening

Thanks!

ProCapitas Market-Pro Team

More To Explore