Market Outllook of 11th Apr, 2018.
GFS Wealth Creators Suggestion and View on Indices.
Nifty and Bank Nifty traded very choppy; metal shines today with a gain of 2%.
Nifty index continued to form higher highs for the 7th session and headed towards the 10424.
Now it has immediate hurdle at 10450 then 10480, while holding below 10380 could lead to some consolidation towards its next support at 10333.
The option data suggests a broader trading range between 10300 to 10500.
India VIX fell 2.51% to 14.49.
Bank Nifty continued its wining streak for the 4th consecutive session and headed towards its next hurdle at 25250.
Now the immediate uptrend could remain intact only if it holds above 25000. While hurdles are seen at 25500. If it slips below 25000, then a small dip could be seen towards its next support at 24750.