Market View 7 April 22

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

Nifty (17808) the Nifty has opened gap down and traded lower to close in the red… technically resistance exists at 17900 and downside is open on weekly expiry days

Bank Nifty (37633) the Nifty Bank too opened in the red and traded down to close in the red…technically now 37900 is a stiff resistance to deal with and downside is open