TRADING CALLS
- Achiievers Equites Ltd
- Aiwin Commodity Borker Pvt Ltd
- Angel One
- Arihant Capital Markets Ltd
- Axis Securities
- Chirag Singhvi
- Choice International Ltd
- Elite Wealth Advisors Ltd
- Emkay Global Financial Services Ltd
- Geojit Financial Services Ltd.
- GEPL Capital
- Green India Commodities
- HDFC Securities
- Hem Securities Ltd
- ICICI Direct
- ICICI Securities
- InvestmentGuruIndia.com
- Jainam Share Consultants Pvt Ltd
- Karvy Currency Derivatives
- Kedia Commodities
- LKP Securities
- Maitra Commodities Pvt. Ltd.
- Mansukh Securities & Finance Ltd
- Monarch Networth Capital Limited
- Motilal Oswal Financial Services Ltd
- Nirmal Bang Securities Pvt Ltd
- Reliance Securities
- Religare Broking Limited
- Sky commodities Pvt Ltd
- SPA Securities Ltd
- Sushil finance
- Swastika Investmart Ltd
- Tradebulls Securities (P) Ltd
- Ventura Securities Ltd
ICICI Direct
Published on 07-04-2026 10:37 am
Intraday Rational:
* Trend- Price closed above 10-day EMA which has been acting as resistance since March 2026, indicating positive bias
* Levels- Buy around 61.8% retracement of Mondays upmove.
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ICICI Direct
Published on 07-04-2026 10:37 am
Technical Outlook:
* The daily price action has resulted into strong bull candle with higher high- low with lower shadow indicating buying demand from lower levels.
* Key highlight is that Index has closed above its previous week high(52025) and also short term 10-day EMA which has been acting as resistance since March 2026 indicating supportive efforts at lower levels.
* Going ahead, for a meaningful pullback to materialize Index needs to sustain above short-term moving average (52577) that would further extend pullback towards 54370 being 61.8% retracement of recent decline from (57097-50105). Meanwhile, strong support is placed around psychological mark of 50000 levels (being last weeks low).
* Further on the weekly timeframe, the stochastic oscillator has witnessed a bullish crossover from the oversold territory is at 19 levels, indicating positive momentum from deeply oversold conditions, with scope for a gradual pullback ahead. Therefore, one should avoid creating aggressive short position at current juncture , as technical pullback from current levels cannot be ruled out.
* On the broader space, the Nifty PSU Bank has formed another bull candle with higher high higher low above 200-day EMA indicating positive follow up to previous bull candle. Next key (6800-9918) support is placed around 7400 being 80% Retracement of Sep-Feb 26 rally.
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ICICI Direct
Published on 07-04-2026 10:37 am
Nifty Bank :52609
The BankNifty Index concluded the day on a positive note tracking mixed global cues and rise in crude oil prices. BankNifty settle the day at 52609 up 2.06%.
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ICICI Direct
Published on 07-04-2026 10:36 am
Intraday Rational:
* Trend - Price close above its 10-day EMA after twenty-six trading session, indicating short-term trend reversal
* Levels - Buy around 61.8% retracement of Mondays upmove.
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Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.htmlSEBI Registration number INZ000183631
ICICI Direct
Published on 07-04-2026 10:36 am
Key Monitorable:
* De-escalation of geopolitical tension, Cool-off in crude oil, RBI Policy, Start of Q4- FY26 earnings, US Inflation.
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Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.htmlSEBI Registration number INZ000183631
