FINNIFTY Prepare for short term rally

FINNIFTY technically moving with an upward trend. No major fundamentals are supporting a change in a technical pattern other than the India-Mauritious tax issue on FIIs. But it is unlikely to affect Buying at lower levels

Buy can be initiated between 21000-20500

Make sure that one can Handling 500 points of volatility

800-1000 points can be expected before 7th May 2024

Support: 20500 Resistance: 22500

By Sathish Kavinchal
SEBI Registered Research Analyst
INH200007539

Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.