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 24-04-2026 11:02 am
Intraday Rational:
* Trend- Breather post sharp 15% rally over 13 trading session, indicating temporary pause in upward momentum
* Levels- Sell around yesterday high and 50% retracement of 2 days decline
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ICICI Direct
Published on 24-04-2026 11:01 am
Technical Outlook:
* Index started the day with gap-down action and continued to remain southward forming lower high lower low till last hour of trade. The daily price action resulted into Bearish candle indicating profit booking at higher levels.
* Key point to highlight is that Index has been consolidating in vicinity of 200-day EMA (56700), indicating breather after rally of 15% seen from 2 nd April low of 49950. which had pushed momentum stochastic oscillator in weekly time-frame into overbought condition with a reading ~88, indicating possibility of near-term breather that would set stage for next leg of up move.
* We believe, ongoing breather will make market healthy and set the stage to gradually resolve higher towards 57800 in the coming weeks being previous support will now act as resistance (change of polarity principle)
* Hence any decline from current level should be used to accumulate quality banking stocks backed by strong Q4 earnings as strong support is now placed around 55800 being 10-day EMA coinciding with last Fridays low. Key monitorable will be Banking heavy weights companies reporting their results in the coming sessions.
* The Nifty PSU Bank underperformed the benchmark and closed on negative note. Formation of lower high lower low suggest profit booking at higher levels. Immediate support is placed around 8500 levels being 50% retracement of current rally (7833-9095).
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ICICI Direct
Published on 24-04-2026 11:00 am
Nifty Bank :56314
The Bank Nifty Index ended the day on a negative note tracking the subdued global cues, settled at 56314 down 1.42%
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Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.htmlSEBI Registration number INZ000183631
ICICI Direct
Published on 24-04-2026 11:00 am
Intraday Rational:
* Trend – Breather post sharp 11% rally over 13 trading session, indicating temporary pause in upward momentum
* Levels - Sell around yesterday high and 50% retracement of 2 days decline
Click Here :- https://tinyurl.com/23jf9dt5
Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.htmlSEBI Registration number INZ000183631
ICICI Direct
Published on 24-04-2026 11:00 am
Key Monitorable:
A.Q4 earning season
B.Further decline in Crude, US Dollar Index
Click Here :- https://tinyurl.com/23jf9dt5
Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.htmlSEBI Registration number INZ000183631
