Nifty strategy for 08-04-26Nifty 50 IndexNSE:NIFTYviswanath_ktcNifty may open up with gap up note around at 23800 level as per sgx nifty due to ceasefire announcement by trump on Iran upto two weeks. Coming to yesterday Nifty opened on gap down then it dragged upto 22750 levels at that level bulls had started buying and pull back the nifty into green. I am expecting some profit booking around at 23800 levels due to ahead of Rbi Monetary Policy, so many analysts are expecting hawkish stance from today policy meet.India vix traded around at 23 levels which indicated still volatality exist in the market. Support Levels : 23400(if Nifty opened around 23800 levels) 2nd support level : 23019I Resistance level : 23850,24299 Bank Nifty Support level : 53519(if it opened around at 54000 levels) 2nd support : 52420 Resistance levels : 54300,54719 Stock of the day : Hpcl Buy price (Cmp for risky traders) 331(for safe traders) stop loss : 312 targets : 362,402 Disclaimer : Nifty may open up with gap up note around at 23800 level as per sgx nifty due to ceasefire announcement by trump on Iran upto two weeks. Coming to yesterday Nifty opened on gap down then it dragged upto 22750 levels at that level bulls had started buying and pull back the nifty into green. I am expecting some profit booking around at 23800 levels due to ahead of Rbi Monetary Policy, so many analysts are expecting hawkish stance from today policy meet.India vix traded around at 23 levels which indicated still volatality exist in the market. Support Levels : 23400(if Nifty opened around 23800 levels) 2nd support level : 23019I Resistance level : 23850,24299 Bank Nifty Support level : 53519(if it opened around at 54000 levels) 2nd support : 52420 Resistance levels : 54300,54719 Nifty may open up with gap up note around at 23800 level as per sgx nifty due to ceasefire announcement by trump on Iran upto two weeks. Coming to yesterday Nifty opened on gap down then it dragged upto 22750 levels at that level bulls had started buying and pull back the nifty into green. I am expecting some profit booking around at 23800 levels due to ahead of Rbi Monetary Policy, so many analysts are expecting hawkish stance from today policy meet.India vix traded around at 23 levels which indicated still volatality exist in the market. Support Levels : 23400(if Nifty opened around 23800 levels) 2nd support level : 23019I Resistance level : 23850,24299 Bank Nifty Support level : 53519(if it opened around at 54000 levels) 2nd support : 52420 Resistance levels : 54300,54719 Nifty may open up with gap up note around at 23800 level as per sgx nifty due to ceasefire announcement by trump on Iran upto two weeks. Coming to yesterday Nifty opened on gap down then it dragged upto 22750 levels at that level bulls had started buying and pull back the nifty into green. I am expecting some profit booking around at 23800 levels due to ahead of Rbi Monetary Policy, so many analysts are expecting hawkish stance from today policy meet.India vix traded around at 23 levels which indicated still volatality exist in the market. Support Levels : 23400(if Nifty opened around 23800 levels) 2nd support level : 23019I Resistance level : 23850,24299 Bank Nifty Support level : 53519(if it opened around at 54000 levels) 2nd support : 52420 Resistance levels : 54300,54719 Disclaimer : I am not a SEBI Research Analyst please take advise from your financial advisor before take position based on my recommendation. Thanking for your support if liked my content please suggest to your friends to follow my channel Please drop a comment on whether my recommendation is useful and correct my mistakes