Thanks to overnight US Market rally, our NF could open Gap Up around 8015 zone; on the upside, 8051 & 8125 zone should offer significant resistance & above that 8200 will be the target.
On the downside, 7990 & 7940 zone will be the immediate support zone & below that 7880 & 7808 zone should offer significant support.
S&P Fut is also in uptrend & now have to break 1942 zone for further up move to 1970 & 2015 zone. Support is now around 1913 zone.
Indian market is slowly realizing that pace of reform is gathering momentum in the coming months & Modi led BJP may be able to achieve majority in "Rajya Sabha" also in near future, which will help to pass key reform bills smoothly. Also, BJP/NDA led states will implement various reforms like GST etc in ground level.
Trading Levels: Nifty Fut(OCT):
| Gap Up/Dw | (Indicative) | |||||
| SGX NIFTY | 8015 | 67 | ||||
| NF-OCT | LTP | 7948 | ||||
| SL >/< 5 POINTS | FROM SLR | |||||
| Intraday Swing | Trader | |||||
| T1 | T2 | T3 | SLR | |||
| Strong > | 8010 | 8031-8051* | 8072-8100 | 8125-8171 | <7990 | |
| Weak < | 7990 | 7973-7940* | 7907-7882 | 7855-7808 | >8010 | |
| FOR | Conservative | Positional | Trader | |||
| T1 | T2 | T3 | SLR | |||
| Strong > | 8010 | 8051* | 8100 | 8171-8200 | <7990 | |
| Weak < | 7990 | 7940* | 7882 | 7808-7770 | >8010 | |
Happy Deepawali to All-----
No comments:
Post a Comment