Market Outllook of 4th Apr, 2018.
GFS Wealth Creators Suggestion and View on Indices.
Market recovers from intraday low; close with gains.
Nifty index opened flattish but managed to hold above 10171-10180 and witnessed a rally towards 10255 in the last hour of trade. It managed to close above previous week’s high.
Now, it has to hold above 10222 to extend its move towards 10276 then 10333 while supports are seen at 10180 then 10141.
Bank Nifty opened negative but witnesses buying interest in the last hour of trade and managed to close above 24500. If showing signs of immediate stability ahead of RBI Policy.
If it hold above 24500 to extend its move towards 24750 then 25000 while supports at 24350 then 24250.