Market View 20 April 22

I am writing the review after 4 months as I had tested Covid Positive and then went for a holiday…

Nifty (16958) we said ’technically now 17000 is a strong psychological support zone to work as long as it holds’ the Nifty traded above it the entire days and breached it in the last trading hour to close in the red…technically now Nifty has a stiff resistance at 17000 and the downside is open…

Bank Nifty (36342) we said ‘technically now 36500 is a strong psychological support to deal with as long as it holds’ the Nifty Bank held the support the entire day but breached it in the last trading hour to close in the red…technically now 36500 is a stiff resistance to deal with and downside is open…