Stock Market Outlook For Monday 04-April

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It was robust performance for the markets this week and both benchmark indices and all sectoral indices closed positive. Both the benchmark indices Nifty and Sensex and almost all sectoral indices made handsome gains. Nifty and Sensex both Gained 3% for the week.

For Intraday Trading On Monday market is expected to open either flat or positive, and cues from global markets may lead the indices towards up. For intraday trading on Monday if indices trade above 19400 / 5835 levels then they are likely to test 19570-19650 / 5,872 - 5,895 levels. On the downside, 19,260 - 19,180 / 5,785 - 5,750 levels are support for the day. Any breach below 5750 level would intensify the selling pressure.

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