Market View 8 April 22

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

Nifty (17640) we said ‘technically resistance exists at 17900 and downside is open on weekly expiry day’ the Nifty unfolded as expected and saw the high at our resistance and has closed in the red…technically 17900 still is a strong resistance to deal with and down side seems open…

Bank Nifty (37557) we said ‘technically now 37900 is a stiff resistance to deal with and downside is open’ the Nifty bank too opened with gap down and saw the high near our resistance and has closed in the red…technically 37900 is still a strong resistance to deal with and downside seems open…