LEVELS AND TRENDLINE-NIFTY-INTRADAY-PREMARKET ANALYSIS 29/04/21
LEVELS for 29/04/21
15043.10,15012.35,14964.65,14920.25,14890.65,14878.80,14865.00,14841.30,14813.70,14779.40,14737.30
TECHNICAL ANALYSIS :
After a huge gap down happened on 12th of April the market started to retrace this gap down and was in raise since 12th April , Now the retracement has been achieved and so market may give a gap down again today and the market will still be in up trend.
FUNDAMENTAL ANALYSIS :
US government have spread its hand to help India manage this second wave crisis and they have sent about 100 million dollars worth COVID supplies to India.
This might stand as a strong support and might lift the market.
And also since age above 18 are accepted for COVID vaccines there was more then 1 crore registration for vaccine last day, but supposedly government doesnt have the sufficient vaccines, Which might affect the market today.
And Yesterday market endedin a high due to the hike in companies Bajaj Finance Ltd (NS:BJFN).., which rose 8.55%, Eicher Motors Ltd. (NS:EICH) added 5.05%, IndusInd Bank Ltd. (NS:INBK) was up 5.04%.
15043.10,15012.35,14964.65,14920.25,14890.65,14878.80,14865.00,14841.30,14813.70,14779.40,14737.30
TECHNICAL ANALYSIS :
After a huge gap down happened on 12th of April the market started to retrace this gap down and was in raise since 12th April , Now the retracement has been achieved and so market may give a gap down again today and the market will still be in up trend.
FUNDAMENTAL ANALYSIS :
US government have spread its hand to help India manage this second wave crisis and they have sent about 100 million dollars worth COVID supplies to India.
This might stand as a strong support and might lift the market.
And also since age above 18 are accepted for COVID vaccines there was more then 1 crore registration for vaccine last day, but supposedly government doesnt have the sufficient vaccines, Which might affect the market today.
And Yesterday market endedin a high due to the hike in companies Bajaj Finance Ltd (NS:BJFN).., which rose 8.55%, Eicher Motors Ltd. (NS:EICH) added 5.05%, IndusInd Bank Ltd. (NS:INBK) was up 5.04%.