Amid negative global markets, future & options (F&O), positive foreign institutional investors (FIIs), domestic institutional investors (DIIs) and neutral sentiment cues, the short-term trend of the Indian stock markets will be neutral on Thursday, April 1, 2022.

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The Sensex and the Nifty on Thursday, March 31, 2022, logged modest losses amid negative cues from global share markets. The S&P BSE Sensex closed below the 58,600 level while the NSE Nifty ended near 17,450 points. The Sensex fell 115.48 points, or 0.20 per cent, to close at 58,568.51. The Nifty also slipped 33.50 points, or 0.19 per cent, to settle at 17,464.75. In the sectoral indices, the Bank Nifty index rose 39.20 points, or 0.11 per cent, to end at 36,373.60.

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In the broader markets, the S&P BSE MidCap added 0.29 per cent and S&P BSE SmallCap rose 0.31 per cent.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for April 1:

Nifty support zone is 17,225-17,325, below that 17,075-17,150 is a strong Buy Zone.

Nifty higher zone 17,475-17,500, above that 17,550-17,625 is a strong Profit-booking zone.

Bank Nifty support zone is 35,900-36,075, Below that 35525-35725 is a strong Buy zone

Bank Nifty higher zone is 36,425-36,600, Above that 36800-36900 strong Profit-booking zone

Nifty support levels are 17,375, 17,325, 17,250, 17,225, 17,200, 17,175, 17,150, 17,075.

Nifty higher levels are 17,500, 17,525, 17,550, 17,600, 17,625, 17,675.

Bank Nifty support levels are 36,250, 36,075, 36,025, 35,900, 35,850, 35,725, 35,525, 35,425.

Bank Nifty higher levels are 36,425, 36,600, 36,650, 36,800, 36,900, 37,050.

FIIs Index Huge Long position at 74% Vs 61%, Alert at higher levels.

PCR at 1.07 Vs 1.17.

India VIX is unchanged at 20.56.

For Existing Long Positions:

Nifty Intraday and Closing stop loss are 17,300.

Bank Nifty Intraday stop loss is 36,000 and Closing stop loss is 35,850.

For Existing Short Positions:

Nifty Intraday and Closing stop loss are 17,575.

Bank Nifty Intraday stop loss is 36,650 and Closing stop loss is 36,425.

For New Positions:

Sell Nifty with a stop loss of 17,575 and target 17,400, 17,350, 17,325, 17,250, 17,225, 17,200, 17,175, 17,150.

Buy Nifty in 17,225-17,325 range with a stop loss of 17,075 and target 17,350, 17,375, 17,425, 17,450, 17,500, 17,550.

For New Positions:

Sell Bank Nifty with a stop loss of 36,650 and target 36,075, 36,025, 35,900, 35,850, 35,725, 35,525, 35,425.

Buy Bank Nifty in 35,725-35,900 range with a stop loss of 35,500 and target 36,000, 36,075, 36,150, 36,250, 36,350, 36,425, 36,600.

F&O Ban Update:

Out of Ban: Vodafone Idea

New in Ban: Nil

Already in Ban: Nil