MARKET OUTLOOK 30-OCT-2023

 

TREND: SIDEWAYS

RESISTANCE: 19100 - 19200

SUPPORT: 19000

BULLISH SECTORS: IT/PSU BANKS

REMARK : 

NIFTY SHORT RECOVERY WAS SEEN IN THE LAST TRADING SESSION AND IT DIDN'T BREAK SUPPORT OF 18800.

NIFTY WILL GO UNDER RANGE BOUND CONSOLIDATION UNTIL IT DOES BREAK RESISTANCE ABOVE 19200

MARKET OUTLOOK 27-OCT-2023

 

TREND: DOWNTREND 

SUPPORT: 18800

RESISTANCE: 18850 - 19000

BULLISH SECTORS: N/A

REMARK : 

18800 IS VERY CRUCIAL SUPPORT. IF IT BREAKS THIS LEVEL THEN 18600 LEVELS MAY BE SEEN IN THE FUTURE.

ALSO, THERE ARE CHANCES OF THE PRICE BOUNCE BACK FROM 18800 THIS LEVEL.

THIS IS VERY GOOD OPPORTUNITY FOR AN INVESTORS. SO INVESTORS CAN INVEST IN VERY GOOD STOCKS.

Nifty Trading View On 16 Dec 2022

On Daily Candlestick Nift50 form a long bearish candlestick and took support of 18400 which is very crucial support. 

If Nifty50 crosses below this support level then sideways trend will change to bearish trend

Trend : Sideways (Rangebound)

Resistance 18450 - 18500 - 18550

Support: 18400 - 18350 - 18300

Bullish Sectors : N/A

 

Nifty Trading View On 12 Dec 2022

On Daily Candlestick Nift50 form a long bearish candlestick and took support of 18400 which is very crucial support. 

If Nifty50 crosses below this support level then sideways trend will change to bearish trend

Trend : Sideways (Rangebound)

Resistance 18600 - 18650 - 18700

Support: 18400 - 18350 - 18300

Bullish Sectors : Banks

Nifty Trading View On 07 Dec 2022

Trend : Sideways (Rangebound)

Resistance 18700 - 18750 - 18800

Support: 18600 - 18550

Bullish Sectors : METALS