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Market Strategies for Friday April 12, 2019 - Share India Securities Ltd

Posted On: 2019-04-11 22:09:37


"Trading in a choppy trend for most part of the day, last hour saw a mild pull back to lift Nifty to close in the green at 11596 for a gain of 12 points . Once again 11550 attracted bulls who managed to defend the level strongly and pulled back the index back to 11600, forming a Spinning Top candle. This indicates that the weakening forces are now on the ebb and a pull back towards the upper trading on the last day of the trading week is on the cards. Nifty is likely to move higher towards 11650 level tomorrow. Beyond that 11670-11700 too can be seen 11580-11550 remains immediate support range is likely to be defended strongly." - Mr Abhinav Gupta, President, Capital Markets, Share India Securities Ltd.

Market Strategies

NIFTY - 11584
Buy Nifty sl blw 11545 tgt 11650-11670

BANKNIFTY - 29786
Sup 29700-29500 Res 30000-30250.


Source: Equity Bulls

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