Amid neutral global markets, domestic institutional investors (DIIs), future & options (F&O), sentiment and negative foreign institutional investors (FIIs), the short-term trend of the Indian stock markets will be positive on Monday, April 11, 2022.

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On the stock markets, the S&P BSE Sensex and the Nifty 50, on Friday, April 8, 2022, gained more than half a per cent, snapping a losing streak of three sessions. Both stock indices rose amid positive cues from global share markets. The BSE Sensex closed above 59,400 points and the NSE Nifty ended above the 17,750 level.

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The Sensex climbed 412.23 points, or 0.70 per cent, to finish at 59,447.18. The Nifty 50 index also surged 144.80 points, or 0.82 per cent, to settle at 17,784.35. In sectoral indices, the Bank Nifty gained 194.70 points, or 0.51 per cent, to close at 37,752.05.

In the broader market, the S&P BSE MidCap index added 0.93 per cent while the S&P SmallCap index rose 0.99 per cent.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for April 11:

Nifty support zone is 17,600-17,675, below that 17,475-17,550 is a strong Buy zone.

Nifty higher zone is 17,775-17,850, above that 17,950-18,050 is a Profit-booking zone.

Bank Nifty support zone is 37,350-37,400, below that 37,050-37,150 is a strong Buy zone.

Bank Nifty higher zone is 37,875-37,950, above that 38,075-38,300 is a Profit-booking zone.

Nifty support levels are 17,700, 17,675, 17,650, 17,625, 17,600, 17,550, 17,500.

Nifty higher levels are 17,850, 17,900, 17,950, 18,000, 18,050.

Bank Nifty support levels are 37,650, 37,525, 37,400, 37,350, 37,150, 37,050, 36,925.

Bank Nifty higher levels are 37,875, 37,950, 38,075, 38,225, 38,300, 38,450, 38,625.

FIIs Index Long position at 69% Vs 68%

PCR at 1.01 Vs 0.90.

India VIX is down by 7% at 17.69.

For Existing Long Positions:

Nifty Intraday and Closing stop loss are 17,550.

Bank Nifty Intraday stop loss is 37,300 and Closing stop loss is 37,150

For Existing Short Positions:

Nifty Intraday stop loss is 17,850 and Closing stop loss is 18,000.

Bank Nifty Intraday and Closing stop loss are 38,075.

For New Positions:

Buy Nifty in 17600-17700 range with a stop loss of 17,500 and target 17,775, 17,800, 17,850, 17,900, 17,950, 18,000.

Sell Nifty in 17,850-17,950 range with a stop loss of 18,050 and target 17,800, 17,775, 17,700, 17,675, 17,625, 17,600.

For New Positions:

Buy Bank Nifty in 37350-37525 range with a stop loss of 37,150 and target 37,650, 37,750, 37,875, 37,950, 38,075.

Aggressive Traders Sell Bank Nifty in 37,925-38,075 range with a strict stop loss of 38,150 and target 37,850, 37,750, 37,650, 37,575, 37,400, 37,350, 37,150.

F&O Ban Update:

New In Ban: RBL Bank

Out Of Ban: Nil

Already In Ban: Nil

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