Amid neutral global markets, futures & options (F&O) and sentiment, positive foreign institutional investors (FIIs) and negative domestic institutional investors (DIIs) cues, the short-term trend of the Indian stock markets will be positive on Friday, April 30, 2021.

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Amidst a volatile session on F&O expiry, the Indian equity markets managed to end with marginal gains on Thursday, April 29, 2021. Yesterday's trend marked the longest winning streak for both benchmarks since early February. The S&P BSE Sensex ended just a marginal 32 points, or 0.06 per cent, higher at 49,766. The Nifty at the National Stock Exchange added 30 points, or 0.20 per cent, to 14,895. However, Bank Nifty lost 8 points, or 0.02 per cent, to settle at 33,715. 

 The broader market ended mixed, with the BSE Mid-cap index falling 0.2 per cent but the Small-cap index gaining 0.1 per cent.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for April 30:

Day support zone on Nifty is 14,750-14,825, below that 14,650-14,700 is a strong Buy zone. 

Day higher zone on Nifty is 14,975-15,050, above that 15,100-15,150 is strong Profit-booking zone.

Day support zone on Bank Nifty is 33,000-33,300, below that 32,725-32,850 is a strong Buy zone. 

Day higher zone Bank Nifty is 33,975-34,175, above that 34,425-34,500 is strong Profit-booking zone. 

The small day range for trading on Nifty is 14,825-14,975, while the medium and bigger ranges are 14,750-15,050 and 14,650-15,100, respectively. 

The small day range for trading on Bank Nifty is 33,325-33,975, while the medium and bigger ranges are 32,850-34,250 and 32,725-34,500.

FIIs Index long at 78% Vs 66%.

PCR at 1.43 Vs 1.57.

India VIX up by 3% at 23.31.

For Existing Long Positions:

Nifty intraday and closing stop loss are 14,800.

Bank Nifty intraday stop loss is 33,300 and the closing stop loss is 32,700.

For Existing Short Positions:

Nifty intraday and closing stop loss are 15,050.

Bank Nifty intraday and closing stop loss are 34,000.

For New Positions: 

Buy Nifty in 14,650-14,700 range with a stop loss of 14,550 and target 14,775, 14,825, 14,875, 14,900.

Sell Nifty in 14,975-15,050 range with a stop loss of 15,150 and target 14,925, 14,900, 14,875, 14,775, 14,750. 

Aggressive Traders Sell Nifty with strict stop loss of 15,050 and target 14,825, 14,775, 14,750, 14,700, 14,650.

For New Positions:

Buy Bank Nifty in 32,725-32,850 range with a stop loss of 32,600 and target 32,975, 33,175, 33,300, 33,500, 33,625, 33,700.

Sell Bank Nifty in 34,275-34,500 range with a stop loss of 34,650 and target 34,175, 34,000, 33,850, 33,725, 33,625, 33,500.

Aggressive Traders Sell Bank Nifty with strict stop loss of 34,000 and target 33,500, 33,325, 33,175, 33,000, 32,850, 32,775, 32,725.  

F&O Ban Update:

Out Of Ban: SAIL