2023-04-21 04:54:19
Nifty and BankNifty trade in the range on weekly expiry. Dow Jones too trading in the range of 33,500-34,100.
On Nifty, 17,570-17,500 will be the key support area for bulls while 17,900 will act as resistance zone.
Stochastic oscillator on a short-term chart indicates the bullish momentum as far as 17,500 is not negated.
On BankNifty, 42,000 acted as support yesterday while the high of bearish belt-hold candlestick pattern at 42,603 will act as the wall for bulls.
For USDINR traders, the "three white soldiers" bullish reversal candlestick pattern indicates the momentum towards 83. The breakout from the triangle pattern on the daily chart with resistance at 83.30 and support at 81.30 will decide the trend for 2023.
#SGXNifty
#PreMarket
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