Where is market headed today?

2024年9月12日

Good morning everyone!
12th September, 2024. Thursday.

NIFTY has been in consolidation mode for last 4 sessions. Believe me, this is very good for bulls to continue.

So don't be afraid it.

Rather, try to some good setups suitable to you and BUY ONLY NEAR SUPPORT.

Support for Nifty for the day is 24821. Below this we may see 24540 levels coming into the game in next few days.

Resistance stays 25077. Above this, we may see a major short covering till 25275 or even further.

Today is expiry. DO NOT CHASE ANY GAP. NOT EVEN BREAKOUT.
Rather, use this gapup to book some profits off the tabe.

On the BANKNIFTY Sell on rise is possible today. Daily trend still sideways.

Support - 50947
Resistance - 51420

CNXFINANCE same as Banknifty.

Support - 23513
Resistance - 23725/23807.

Stocks on my list for today:

SHK
BALUFORGE
CAPACITE
TBZ

That will be all for the day.

Take care. Have a profitable day ahead. And remember, if anyone of you guys need any help, I am just onne messege/call away.