jellygill

Market View: 15 Apr 2024

NSE:BANKNIFTY   Nifty Bank Index
Market View: 15 Apr 24

1. US Indices went sharply lower due to Iran-Israel tensions.
2. Gold and Oil are moving up.
3. US Large cap stocks suffer largest weekly sell off.
4. Chinese exports fall in Mar and hopes for recovery are fading.
5. NIFTY, Bank Nifty and Sensex are expected to toe the global line.
6. 49000 is both psychological as well as technical resistance (15 min time frame) and 48120 is solid support for NIFTY.
7. Last Signal in Nifty was Sell and price is still below the cloud (consolidation zone) and that trade is still ON.
8. Happy Trading.

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