Nifty:22513.7/-0.95/0%;Candle:OGD,Doji; Bank Nifty:48493.05/432.25/0.9% Candle:OF,Long day green ; HB:OGU,Long day green,1550,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long43%FutCash;1659;Opt95%
OI data Nifty ( max pain W22500M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Bandhan Bank to the F&O ban list for April 8, while retaining Hindustan Copper, SAIL and Zee Entertainment Enterprises to the said list.
Market wrap up(DWM,T,N,E):The market is expected to be volatile in the coming session with focus on the 22,550-22,600 area, the hurdle on the higher side, as closing decisively above the same zone may take the Nifty 50 towards 22,800, and then 23,000 mark, while 22,300-22,200 is the key support zone for the index, experts said, adding the declining volatility has been acting as a major comfort for the bulls. On April 5, the BSE Sensex was up 21 points at 74,248 after the Monetary Policy Committee maintained repo rate at 6.5 percent for seventh consecutive time, while the Nifty 50 fell 1 point to 22,514 and formed bullish candlestick pattern with lower shadow on the daily charts, indicating buying interest at lower levels. The Friday’s trade indicated that the market seemed to have already discounted the RBI policy meeting outcome. The index gained 0.84 percent for the week. “The current consolidation is likely to continue in the range of 22,200 to 22,550 levels for the next couple of days. A level of 22,300 is an immediate support to watch out for in the Nifty, while the bigger area of support zone stands at 22,150-22,200,” Tejas Shah, technical research at JM Financial & BlinkX said. Amol Athawale, vice president – technical at Kotak Securities is also of the view that, 22,200 or 20-day SMA would be the crucial support level for the traders. Above the same, the positive momentum is likely to continue. On the higher side, the market could find the resistance at 22,600-22,800, he said, adding on the other side, below 22,200 the sentiment could change. The India VIX, the fear gauge, gained 1 percent after declining for previous four consecutive sessions, while for the week, it was down 11.65 percent at 11.34, the lowest level since November 2023
