Market Analysis 18 April 2019

Highest Open Interest at 11600 , 11700 , 11900

A small resistance at 11875-11920 Zone .

Strong Support at 11700 and and intermediate support at 11750

Significant additions of 11900 calls were observed.

Highest Longs were added in Nifty and Banknifty for current month April Expiry .

Strong Support for BankNifty is at 30300

30700 would act as Mild Resistance.

Relaince , ICICI bank and Larsen saw significant longs being created.

Short Covering was seen In Kotak Mahindra Bank, TCS ,Hero Moto, Asian Paints.

Kotak Mahindra Bank could touch 1400 due to breakout .

Reliance could be a big contributor to Nifty for today and Monday.

View: Rangebound to Positive.Bank Nifty could outperfotm.

Would sell Puts Today.

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