Despite of negativity in the market both the Index Nifty and BankNifty is going up making (Bears) Shortsell Position in trap. Hence one should go with the trends not against the trend. Market is showing a positive moves so one should appreciate it and take short term position accordingly.
Market never moves in one direction so it is important for traders to be alert on levels before trade. Guys today I am going to share my views on Nifty Futures Price target for the April month expiry. It might be helpful in taking position on intraday basis.
Nifty Index Futures Target for April Expiry
We are in the last days of April Month Expiry. So far bull have shown more weightage over bears. Few dips on Nifty Futures were seen recently but with a good pull back rally on the same were seen simultaneously. Lets start with the Nifty Futures Expiry target here we go.
Yesterday Nifty Futures closed at just below 9400 at 9397.75 over 90 points up than its previous close which was a good sign. 9300 levels was crucial for Nifty because in last few session it has unable to sustain 9300 where bears come into play dragging Nifty Down to 9000 Levels and below that 8900 respectively.
But on Tuesday session Nifty overcross the 9300 levels and hit intraday high at 9419 which is extremely good for investors and long position holders. I think Nifty can try to touch 9500 intraday with a hope of stimulus package by the government. And if someone wish to take long position on Nifty May futures one can go with a strict stoploss of 9200.