Trading Ideas for 19 OCT-2021
NIFTY FUT
0
In my last blog I indicated that Nifty can show levels of 18432-18477 which was fully achieved. The Index closed higher near 18500 after retracing from strong resistance zone of 18550. Now going forward if the Index fails to sustain above 18550 we can see some correction towards support zone of 18388-18317
KEY SUPPORT
18317
KEY RESISTANCE
18550
BANK NIFTY FUT
0
Bank nifty tested lifetime highs of 40000 & then retraced back amidst strong CE writing at 40000. Technically the Candlestick pattern formed today is not good & a move below its low can trigger some panic selling in the Index & Bank Nifty can retrace back towards 39217-38880in short period of time however if the Index sustains above 40088 it can scalp new highs of 40241-40457.
KEY SUPPORT
39441
KEY RESISTANCE
40075
PERFORMANCE UPDATE (18 OCT-2021)
Bullish Pick
BAJAJFINSERV
Return percent
THE STOCK PERFORMED AS PER CHART SET UP & WAS UP BY 612 POINTS OR 3.31% DURING THE DAY
Bearish Pick
ASIANPAINTS
Return percent
THE STOCK DID PERFORMED AS PER CHART SETUP & WAS DOWN BY 1.97% OR 65 POINTS DURING THE DAY
