Bank Nifty Prediction for Wednesday 8 April 2024 Nifty Analysis | Nifty Open Gap up ya down

Hello friends, welcome to Stock Market SP, friends, today we will try to understand how the market will be on 8th April 2024 and how the market will be today i.e. on 5th April 204. Friends, today RBI’s monetary policy has been announced. The rate of repo rate did not

change as it was earlier, due to this Bank Nifty managed to give an increase of about 400-450 points today. Bank Nifty had broken an important resistance of 48500 today. In the same way, Nifty is trading in a limited period. It was seen that the important support of Nifty

22500 was maintained, it did not go below it, it came back up after the bottom, so now in such a market, we have to understand what to do on Monday i.e. 8th April, how will it be, before that we have to understand today. Whatever factors happened during the

day like India Wicks India Wicks today’s data became India Wicks at 11.33, after that we have to see that 1372 shares were bought today and 700 shares were also sold, after that today. If we look at the top gainer stock , IGL has closed with a growth of

around 5% and today’s top gainer stock is KP IT Kam, so this is today’s mixed result which I shared with you, now we have to see that on Monday. How will be the opening of Nifty, I will take you the chart

directly on the option chain and how

is the global market, I will also tell you in the option chain itself, how is the mood and sentiment of the global market. Let’s go ahead friends. Let’s go. If we are on the option chain, then first of all let us see how the movement of Bank Nifty

is going to be on Monday. Friends, Bank Nifty has closed today at 4849 7 and if we have to find a support and resistance in Bank Nifty on Monday. First of all we have to see how many call writers have open positions at which strike prices. Look here

if you see 48000 39 sorry 39000 at 49000 1 1381 here are the open positions of call writers i.e. at this strike price those 49000 are Bank Nifty will act as an important resistance, after that if we want to see the support then 48500 48500 at 10391, here

there is an open position of put writer, here there is an open position at 48500, total if we see call writer then there is total call writer in the market. 23 26505 and the total put writer in the market is 31 75224. Here there is an open position

of total put writer, so on Monday the market will open for almost one, then there will be a gap up, then after that we can also see a short recovery, this possibility is mostly Now let us see today’s closing of Nifty is 22000 513 i.e. today’s closing is

above 22500 and a flat flat opening closing has been done. The way Bank Nifty moved forward, Nifty disappointed today. So let’s see here what is the important resistance for Nifty, so 22800 is very far, the resistance is close to us now, so look at 22600 here, 7281 here

is the total open position of call writer and look at 22500 here. 10999 Here is the open position of the call writer i.e. 22500. This is the most important support and is also going to act as resistance. If we look here, 11354 Here is the open position of

the put writer. The same strike price is 22500 i.e. 22500. There is such a level here that the market is not ready to go up and is not ready to go down either, until we see a little bit of this wallet and a laziness in the market here,

Total Call Writer if you look at it then Nifty. There are 1693 526 total call writers here and if we also see the total put writers, there are 15 2234 open positions of put writers here. There is a high probability of a gap down or flat opening for

Nifty on Monday. What is the sentiment of the global market? We also check that in a way a positive movement is visible in the global market here right now on Friday night. Right now the global market is positive here but if the market slips till midnight then we

will get a gap down opening on Monday but right now Currently Najda which is working at 18215 i.e. with a gain of 140 points, DAX 181123 is working with a fall of 280 points, Nikkei 3916 is working with a gain of 73 points, FTAC 7896 is working with

a fall of about eight points. The gain is CAC 8045, about three points minus Gift Nifty, which is running now, which is 22580, which is the future, and that is 67 po minus, Nifty A and Dow Zone. Dow Zone, which is running now, is 3838 730, that is,

with an increase of 128 points. Dow Jan is still functioning, so friends, this was today’s live update of global market Nifty and Bank Nifty on Monday. Prediction of the day will be gap or gap down and whatever is the stock market update I have shared with you in

this video. If you like the video then please like, share and comment the video and first of all subscribe the channel as I will tell you about the stock market. Thank you for watching the video. Good bye .