Nifty InstaView 27 Apr’21: Well Well Well


Nifty View: The benchmark Nifty has managed a reversal of its short term trend with today's 158 points gain. At a close of 14,645, the index has managed a confident close near the highest point of the day. There was no lack of support or participation as all sectoral indices closed positive in today’s session led by Banks & Metals. The index is likely to eye the next zone of resistance within (14,600-14,700) where we have another falling gap. A re-test of this zone is likely within the next couple of trading sessions. Please do not forget we have the derivatives expiry scheduled this Thursday and so any profitable long positions should be protected within the next two sessions.

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Trade Well. Trade Wise.