Trading Ideas for 20 OCT-2021
NIFTY FUT
0
As suggested in my last blog that Nifty will face resistance at higher levels of 18550 & once fails to sustain above these levels the Index will test support zone of 18388 which the Index met after hitting record highs of 18594 fell sharply to test lows of 18395. Now going forward we can see the Index taking support from 18367 & can bounce back till 18493-18541.
KEY SUPPORT
18367
KEY RESISTANCE
18505-18552
BANK NIFTY FUT
0
Bank nifty failed to broke past our resistance level of 40088 & retraced back sharply to test support zones of 39400. Now going forward if the Index sustains above 39837 it will try to test 39974-40050 levels. However if the Index breaks support zone of 39300 it will test 39100-38941.
KEY SUPPORT
39300
KEY RESISTANCE
39818-40088
PERFORMANCE UPDATE (19 OCT-2021)
Bullish Pick
LICHSGFIN
Return percent
THE STOCK PERFORMED AS PER CHART SET UP & WAS UP BY 7.5 POINTS OR 1.64% DURING THE DAY
Bearish Pick
GRANULES
Return percent
THE STOCK DID PERFORMED AS PER CHART SETUP & WAS DOWN BY 2.15% OR 7 POINTS DURING THE DAY
