Hi good morning
today is 21st of October Friday and we are entering in the monthly expire So as we see yesterday that the market respects it base and reach to our target zone of 17570 and also some points beyond that and successfully to hold the level of 17500 on a closing basis again so this shows the strength
Now if we take the cues from the global market then the Dow corrected from upper level and give the close in negative and also the US futures are trading with some points minus and the SGXNIFTY is suggesting that the gap down opening
So it is a great opportunity to buy the dips and the market will show the up move
now nifty and bank nifty levels
So nifty the base formed at 17400-17500 and the upper range is shifted to 17650-17690 & 17717
These may be the ultimate target of the nifty for the day i will update you in market time for the levels modification keep following and sharing
Now the bank nifty As i highlighted you yesterday that the data of bank nifty is negative an we see that he bank nifty is closes in red even after the big up move from the lower level So the range of bank nifty is support is placed around 39800-40000 and the resistance is at 40300-40500-40800 is the ultimate target for the day
keep following for update
Noe the sector then the Cement FMCG IT Banks looks good keep following for the names and the levels i will update at market time according to the movement
Disclaimer -- I may have some positions in some of highlighted stocks and this is only study for understanding purposed of the data and the patterns I am not saying anyone to buy any of these picks discussed here i am not SEBI Registered
today is 21st of October Friday and we are entering in the monthly expire So as we see yesterday that the market respects it base and reach to our target zone of 17570 and also some points beyond that and successfully to hold the level of 17500 on a closing basis again so this shows the strength
Now if we take the cues from the global market then the Dow corrected from upper level and give the close in negative and also the US futures are trading with some points minus and the SGXNIFTY is suggesting that the gap down opening
So it is a great opportunity to buy the dips and the market will show the up move
now nifty and bank nifty levels
So nifty the base formed at 17400-17500 and the upper range is shifted to 17650-17690 & 17717
These may be the ultimate target of the nifty for the day i will update you in market time for the levels modification keep following and sharing
Now the bank nifty As i highlighted you yesterday that the data of bank nifty is negative an we see that he bank nifty is closes in red even after the big up move from the lower level So the range of bank nifty is support is placed around 39800-40000 and the resistance is at 40300-40500-40800 is the ultimate target for the day
keep following for update
Noe the sector then the Cement FMCG IT Banks looks good keep following for the names and the levels i will update at market time according to the movement
Disclaimer -- I may have some positions in some of highlighted stocks and this is only study for understanding purposed of the data and the patterns I am not saying anyone to buy any of these picks discussed here i am not SEBI Registered
註釋
just see AXISBANK, KOTAKBANK, HCLTECH, INFY highlighted around 3 weeks ago註釋
View working successfully as market moves in our derived levels and approaching towards 2nd target註釋
bank nifty hits all targets for the day the revised target are 41100also in closing i will give you a special view for trade on Diwali
註釋
good time to reentry in nifty註釋
SO the idea is that you will need to carry the longs fir the Diwali because s we see in Diwali the indices the gap up and then gives the down move and then again up in the closing so carry the longs on the indices
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