NIFTY : 19TH OCT

By uzumakisensi
Updated
#NIFTYINDEX, #NIFTY50

* NIFTY INDEX : RESISTANCE AT 17550 - STRONG SUPPORT AT 17000.
> After two day rally, Nifty may go for consolidation mode. Banking Sector rally may continue, that will make nifty to break 17600.
> Global Market seems to be in consolidation Mode or Profit Booking after huge rally for past 2 days.

* NIFTY TECHNICAL : NEUTRAL , HUGE GAP UP WILL BE DIFFICULT TO SUSTAIN UNTILL ANY POSITIVE NEWS.

AT 17500 OI : CALL - 85 L
PUT - 52 L.

* SECTOR TO WATCH : BANKING, AUTO

DAILY CHART : RESISTANCE AT 17550 .

STOCKS TO WATCH : #TATAPOWER, #CANBK, #SBIN #AUBANK, #FEDERALBANK.

Canara bank and Sbi both made huge rally, with expecting positive report from q2 result. After result, profit booking may happen.

Comment
LONG
#BHEL - 70
#ICICIBANK - 920

SHORT
#NMDC - 128
#NAVINFLUOR - 4100
Trade closed: stop reached
#NAVINFLUOR
Trade active
#ICICIBANK
#NMDC

NEW #TVSMOTOR - TARGET 1200 (LONG)
Comment
NIFTY breaks and sustain above 17750 in 1Hr candle, 17550 will act as an resistance.
Trade active
#TVSMOTOR - Rs.1150 (1.97% UP)
Comment
#SBIN & #CANBK - PROFIT BOOKING
Comment
NIFTY : 15MIN - 17560
CONSOLIDATION
Trade closed manually
#ICICIBANK , #BHEL
Trade closed manually
#TVSMOTOR - RS.1150
Comment
NIFTY CHARTPATTERN : IT'S NOT A BULLISH SIGNAL, Bullish Hammer pattern always at low point of the swing. Current pattern may be trap.
Avoid taking position, wait for the confirmation.
Comment
If nifty close and crossed 17560 - Mild Bearish in Next 15min.
Comment
NIFTY - 17550 PE
Comment
#ADANIPORT RESISTANCE AT RS.820
Comment
#SBI
LONG UNWINDING - 4%
TOTAL OI - 4.6Cr POSITION.
Trade closed: target reached
NIFTY - 17550PE
Trade closed: target reached
#NIFTY - CONSOLIDATE
canarabankcandlestickpatternChart PatternsfederalbankFundamental Analysisniftyindexnify50sbinTATAPOWERTrend Analysis

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