Market Analysis 22 April 2019

 

 

Bank Nifty made Bearish Engulfing On charts on Thursday.

Bank Nifty 10DMA & 20DMA IS Placed at 30000-30500 which would act as temporary support.

Nifty 11600-11650 would act as support.

Reeliance and HDFC Bank would act as key to Nifty Support

Highest Open Interest for Bank Nifty is at 30500 and 30000.

Highest Open Interest for Nifty is at 10700 and 10800.

Support zone for Nifty is at 10650 and 10600.

India VIX is a 52 Week High wich increase the risk.

Crude to Dampen Sentiment.

 

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