Nifty InstaView 28 Apr’21: When you get more than what you asked

Nifty View: The benchmark Nifty did exactly that in today’s session as it gained 200 points to post a close at 14,846. In two trading sessions, the index has comfortably closed two falling gaps and is now all set to eye the psychological 15K mark … again. There has been no dearth of momentum from the index as it was well supported by the sector that matters the most - Banking and Financials. Now with the expiry of derivatives contracts tomorrow, we should be open to face some degree of volatility. On the downside, immediate support comes in at (14,650-14,700) with the immediate resistance being at (14,900-15,000). With the short term trend now well reversed UP, short term traders should maintain a bullish stance and look to buy on dips.    


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