NIFTY : 19TH OCT
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.
* 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.
Note
LONG#BHEL - 70
#ICICIBANK - 920
SHORT
#NMDC - 128
#NAVINFLUOR - 4100
Trade closed: stop reached
#NAVINFLUORTrade active
#ICICIBANK #NMDC
NEW #TVSMOTOR - TARGET 1200 (LONG)
Note
NIFTY breaks and sustain above 17750 in 1Hr candle, 17550 will act as an resistance.Trade active
#TVSMOTOR - Rs.1150 (1.97% UP)Note
#SBIN & #CANBK - PROFIT BOOKINGNote
NIFTY : 15MIN - 17560 CONSOLIDATION
Trade closed manually
#ICICIBANK , #BHELTrade closed manually
#TVSMOTOR - RS.1150Note
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.
Note
If nifty close and crossed 17560 - Mild Bearish in Next 15min.Note
NIFTY - 17550 PENote
#ADANIPORT RESISTANCE AT RS.820Note
#SBI LONG UNWINDING - 4%
TOTAL OI - 4.6Cr POSITION.
Trade closed: target reached
NIFTY - 17550PETrade closed: target reached
#NIFTY - CONSOLIDATE
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