TO GET TRADING TIPS IN OPTION CALL PUT NIFTY BANKNIFTY INTRADAY CASH & STOCK FUTURE WHATSAPP YOUR NAME & SEGMENT ON 9039542248
Nifty rebounded on Tuesday after two days of losses amid strength in most global markets following a rally in Wall Street growth stocks. Broad-based buying drove the leading indices higher, with financials, IT and oil & gas stocks making the biggest moves for both Sensex and Nifty50. Investors were awaiting more financial results from India Inc for clues, with HDFC Life and Bajaj Finance due to release figures later in the day. Globally, news of the Russia-Ukraine war and rising COVID cases in parts of the world remained in focus. Nifty gapped higher on April 26th forming a bullish island reversal pattern.. A low volume day accompanied by a positive Pre-Declination Ratio means that FPIs were not aggressive on the sell side, but at the same time traders decided to focus more on the large and mid-caps. It is important that the Nifty does not fall below 16900 lest the upward movement of the pattern be negated. A low volume day accompanied by a positive Pre-Declination Ratio means that FPIs were not aggressive on the sell side, but at the same time traders decided to focus more on the large and mid-caps. 17250-17355 could be the band for the Nifty in the short term. Nifty Bank has potential to go all the way to 37000. A better strategy is to buy 37000 call option and get it close to Rs 65-70 and hold till expiry for level can be Rs 150-200.
Resistance: 17250, 17350, 17450
Support: 17150,
17050, 16950
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