Expect Nifty to open flat on back of mixed global cues

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Nifty
The Nifty ended the April series expiry on flat but stock specific activity continued throughout the day. Nifty futures settled at a premium of 10 points and started the May series with 2.1 crore shares. India VIX fell 5.7 percent to 11.1.

Nifty Bank
The index continued to end at all-time high levels with decent rolls for the next series. Looking at the overall options data, the index is likely to trade in a broader range in coming days. A surge in IVs can also be seen.

The Nifty is likely to open flat on the back of mixed global cues. Sell Nifty in a range of 9370-9380 for targets of 9325-9300, stop loss: 9400.

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