25 April 2018

RBL BANK & NCC ROCKS..!!! NIFTY ON APRIL EXPIRY DAY

"RBL BANK FUTURE CALL ON FIREEEEE ACHIEVED FINAL TGT 519.80 & MADE A HIGH OF 524.75”

"NCC FUTURE SELL CALL ALMOST HIT 1ST TGT MADE A LOW OF 125.75 & CLOSED AT 126.20"

RBL BANK FUTURE PROFIT= 8300

NCC FUTURE FUTURE PROFIT = 18000
Volatility was witnessed there in market on Wednesday due to expiry of April derivative contracts due tomorrow April 26, 2018. The Sensex, after a lower opening, stayed in the negative zone for most part of the session and hit a low of 34400, before settling at 34501, down 115 points, Intra-day, it turned briefly positive to hit a high of 34631 it had gained 201 points in the previous two sessions. Likewise, the Nifty future declined 49 points, to close at 10568 after shuttling between 10613 and 10531.
For tomorrow 26 April 2018 market view is positive but as it is the F&O expiry day for April series, traders should maintain cautious approach especially in index trades. For tomorrow nifty future now tests key resistance at 10650. A strong rally beyond this level and the next key resistance at 10675 will strengthen the bullish momentum. In that case, the contract can rally to the 10700 and 10750 band. But the inability to move beyond 10550 will keep the index under selling pressure. A decisive fall below 10535 can pull the contract down to 10500 and then to 10475 levels. The next key supports are at 10450 and 10400 levels.
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Supports: 10550 and 10500
Resistances: 10650 and 10700

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