Thursday, April 15, 2021

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 16-04-2021

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Market witnessed volatile session but manages to end near the day's high level on April 15 despite rising covid cases and wholesale inflation data. At clsoe, the Sensex was up 259 points at 48803, and the Nifty was up 76 points at 14581.  

One more positive session witnessed today as the index closed a day at 14581 with gains of more than half percent and formed a bullish candle for the second consecutive day. The index has formed a good base near 14450-14355 zone if managed to sustain the above-said levels we may see northward move towards 14700-14800 zone which is an immediate and strong hurdle on the higher side. The overall range for Nifty is coming in between 14300 on the downside and 15000 on the higher side.

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Resistance: 14600, 14700, 14800

Support: 14400, 14300, 14200

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