LEVELS AND TRENDLINE BASED ANALYSIS - NIFTY 26-04-21

PRE-MARKET TECHNICAL ANALYSIS :
14488.20,14450.00,14399.10,14354.15,14301.00,14273.25,14230.60,14204.35
Provided are the levels based on the support and resistance of the market. Since market went down rally last week , Gap up is expected today and then the market continues to travel in the trend of last week.

FUNDAMENTAL ANALYSIS : Due to the COVID second wave and the sudden lockdown , the market was expected to be down trend and as the same affected last week . This situation prevails unless the government takes steps dramatically to increase the COVID Vaccination.
The market went down for around -1.89% for last week. There are more lockdown restrictions and shortage of treatment centers and demand in Vaccination which may lead to more down fall.

For confirmation of entry and exits RSI and MACD can be used in live market.
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