7 April 2021: Global Markets Weak till Friday & RBI Policy

Global Markets

The market closed flat in the previous session. S&P500 has resistance at 4081 and support at 4050. DOW has resistance at 33600 and support at 33200. By Friday, a downward move is indicated in the equity market. It was advised to book profit in long positions of TWTR, BIDU, PDD, NFLX, and NVDA. We are still carrying long position in CCL from 23.50. Remain long in TSLA at dips for target 800. Positional traders may long 50% TLRY @ 20-21 for target 40-50.

Indian Stock Market

Indian market traded as per our prediction in the previous session. Book profit in previous day’s buying at 14800 (Nifty) and 33100 (Bank Nifty) and there itself, make 50% short position.  

Today, it is the RBI policy. Heavy volatility may be observed in the stock market. The market may close slightly bearish. Banking and finance stocks may witness weak.


Overall positive till 20th April 2021. Details: Only for MEMBERS

Personal Astrology

Jupiter moved from Capricorn to Aquarius on 6th April 2021. Understand its effect on your horoscope with our Specialized Consultation.