27/04/2023
27th April Strategy:
Global: Negative
FII: Positive
DII: Neutral
F&O: Neutral
Sentiment: Neutral
Trend: Neutral
Nifty support zone 17700-17750, Below that 17625-17665 Strong Buy zone
Nifty higher zone 17800-17875, Above that 17925-17975 Strong Sell zone
Bank Nifty support zone 42600-42675, Below that 42375-42450 Strong Buy zone
Bank Nifty higher zone 42875-43000, Above that 43075-43250 Strong Sell zone
FIIs Index Long at 46% Vs 45%
Nifty PCR at 1.22 Vs 1.16
Bank Nifty PCR at 1.31 Vs 1.05
India VIX up by 1% at 11.65
For Existing Long Positions:
Nifty Intraday n Closing SL 17700
Bank Nifty Intraday n Closing SL 42600
For Existing Short Positions:
Nifty Intraday n Closing SL 17875
Bank Nifty Intraday n Closing SL 43000
For New Positions:
Buy Nifty in 17665-17750 range:
SL 17600 Tgt 17800, 17825, 17850, 17875, 17925, 17975
Aggressive Traders Sell Nifty in 17850-17925 range:
Strict SL 18000 Tgt 17800, 17775, 17750, 17715, 17665
For New Positions:
Buy Bank Nifty in 42375-42450 range:
SL 42250 Tgt 42600, 42675, 42725, 42825, 42875
Aggressive Traders Buy Bank Nifty:
Strict SL 42400 Tgt 42875, 42950, 43000, 43075, 43150, 43250
Aggressive Traders Sell Bank Nifty in 42950-43075 range:
Strict SL 43250 Tgt 42875, 42825, 42725, 42675, 42600, 42450
F&O Ban Update:
New In Ban: GNFC
Already In Ban: Zee Entertainment
Out Of Ban: Nil
Stock Of The day:
Buy Syngene Futures:
SL 618 Tgt 639, 646, 655
Strong revenue and profit growth
Strong operational performance despite increase in expenses
Buy SBI Life Fut:
SL 1105 Tgt 1140, 1155, 1170
Strong growth in new business
Best guidance on higher basis
Cheaper valuations compare to peers