Tuesday, 24 April 2018

These Top 5 Stocks Could Offer Up To 13% Returns Ahead Of April Expiry

Posted by suhani varma on Tuesday, April 24, 2018 with No comments



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"The index has resistance zone at 10,630-10,700 levels. In Nifty options, strike price 10,700 Call has the highest open interest (OI) in Calls, suggesting market could head towards 10,700 levels but likely to face resistance this levelDomestic equity markets opened the week on a positive note with the Nifty hitting its intraday high of 10,638 levels on Monday. But profit booking in the last hour of trade saw the index closing near its opening, with a gain of 0.20 percent at 10,585 levels.

The market’s breadth was flat with one advancing stock for every decline on the NSE. On the daily chart, the index formed a Long Legged Doji candlestick pattern on Monday. This suggests indecisiveness in the market as index swung both ways.


The Nifty failed to sustain above 10,630 levels which is February’s congestion zone high and the 61.8 percent Fibonacci retracement of the whole fall that comes around 10,700 levels.

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