tradetechnicalanalyst

Nifty & Bank-Nifty view for 06.04.2021

Short
NSE:NIFTYJ2021   S&P CNX NIFTY INDEX FUTURES
Dated 06.04.2021, Good Morning Friends
Spot levels Nifty Cmp 14637
PCR -1.60, RSI -47.19, VIX-21.21
Resistance:-*14671*, 14720-35, 14765
Support: -14621, 14458*, 14358, 14295, 14195
Both indices are weak now , sell on rise market , huge OI build-up seen on higher levels,
can short Nifty if come 14721-56 stop loss 14845 for target 14621,14458 and 14358 soon

B-nifty CMP 32678
PCR-0.82, RSI-39.11
Resistance:-32930, 33121-33205
Support:-32300*,32120, *31670-31650*,*31404*
Bank nifty has huge OI at 33000 and also has strong resistance near 32925 and 33121-33205, can short for lower levels 32300,32120 and more with stop loss 33320
Comment: NIfty low 14573 and banknifty low 32300
all targets done.