Good morning, friends! Here are the directions for April 3rd: The global market trend is bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a gap-down start, as suggested by Giftnifty, showing a -130 point.
Nifty - structurally, there have been no changes compared to the previous session. It continues the consolidation structure. Today, Giftnifty is indicating a little bit of a long gap-down start. So, if the gap-down sustains, the market may follow the direction with minor pullbacks, meaning a correction may occur. However, even if it opens with a long gap down, if it finds support around the fib level 38%, then the range market might continue.
Nifty - structurally, there have been no changes compared to the previous session. It continues the consolidation structure. Today, Giftnifty is indicating a little bit of a long gap-down start. So, if the gap-down sustains, the market may follow the direction with minor pullbacks, meaning a correction may occur. However, even if it opens with a long gap down, if it finds support around the fib level 38%, then the range market might continue.