Nifty started the day with a gap down opening and corrected along with the broader market sell-off in Wednesday’s session. However, we witnessed a recovery from the low of 19333 and it ended well above 19400 with a loss of less than half a percent. All up Moves can initiate profit Booking @ 19500 whereas All Down Moves can Initiate Short Covering @ 19350
If Nifty futures for the Oct Series move above 19515 and sustain. Then Nifty futures can touch 19540 during the day with a Stop Loss of 19490. In a day it could trade in a range of 19540- 19600 levels.
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Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. The material is only for educational purposes.
Thanks
Er. Simranjit Singh Virdi
If Nifty futures for the Oct Series move above 19515 and sustain. Then Nifty futures can touch 19540 during the day with a Stop Loss of 19490. In a day it could trade in a range of 19540- 19600 levels.
Hit the like button!! Show some energy !!
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. The material is only for educational purposes.
Thanks
Er. Simranjit Singh Virdi
