Market Outlook of 2nd April, 2018.
GFS Wealth Creators Suggestion and View on Indices.
New Financial Year, New beginning of April Expiry suggest, 10000 hold on the cards and could be April for the Bulls and can rally towards 10300 and 10600.
Nifty index opened negative by taking cues from weakness of global markets. After its consolidating index fell towards 10100.
If it sustains above 10141 then it may seen an up move towards 10276 and 10333 while a hold below 10141 could start a fresh decline towards 10050 then 9951 zones.
Major level in option data suggest that 10000 is the major support and 10600 is the major resistance for the market and immediate resistance at 10300
Bank Nifty opened negative and traded in a comparatively narrow range for the entire session.
Now it has to hold above 24350 to witness an up move towards 24500 then 24750 while a drift below 24100 could open its decline towards 23750 and 23600.