Friday Stock Market Overview 6th-April-2018

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Today RBI in its policy kept all rates unchanged but lower inflation forecast help stock market to gain more than 2% today. Strong closing suggested bulls are still heavy than bears and suggested further buying movement. Intermediate trend has been changing from bearish to bullish direction but still lot depends on Friday market as confirmation still waits and it will decide further market trend.  Buying on dips strategy recommended. Bank Nifty future is expected to test 25090 levels and Nifty future may test 10430 levels soon but still tomorrow market is very crucial.

RESISTANCE & SUPPORT LEVELS -:

Support of Nifty future 10290-10240

Resistance of Nifty future 10390-10450

Support of Bank Nifty future 24580-24350

Resistance of Bank Nifty future 25100-25350

 

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