Indian Indices Had a Stellar Run in the April Expiry

Yesterday, the Indian stock markets ended its April futures and options (F&O) expiry. Let's have a look how the Nifty 50 Index performed during the expiry.

The index started the expiry near 10,100 level and ended above 10,600. It traded in a smooth uptrend without any significant correction to end the April expiry 5% up.

Last week, we saw the index trading near its crucial resistance level of 10,540. But the bulls were successful in pushing the index above this level. As of now, the gap area placed at 10,750 is the immediate resistance level. If the index decisively breaks this level, we can see it finding resistance from its all-time high, that is, near the 11,000 level.

On the flip side, 10,400 - 10,500 zone which was a resistance for the index on the way up will now act as a support for the index.

To know more about what's happening in the global and Indian stock markets, you can read the detailed market update here...

Nifty 50 Index Ends April Expiry 5% Up
Nifty 50 Index Ends April Expiry 5% Up 

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