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charts by vikash bagaria

Trading Ideas for 21 OCT-2021

NIFTY FUT

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charts by vikash bagaria

Nifty post negative opening and initially testing its support zone of 18367 rebounded but only to face resistance at higher levels of 18450-18500 & fell sharply towards 18250. Now what should be the next course of action? Technically the Index looks for a further correction but 18230-18267 is a very vital support zone & a bounce back from this level is eminent. But if the Index sustains below 18250 then it can shed till 18210-18180.

KEY SUPPORT

18247

KEY RESISTANCE

18447-18512

BANK NIFTY FUT

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charts by vikash bagaria

Bank nifty yet again today withheld our support zone of 39300 & by making lows of 39394.85 bounced back sharply towards immediate resistance zone of 39900. Technically he Index holds strong support at 39300 & if it sustains below that it can show levels of 39100-38750 but on the upside if it sustains above 39785 it can show levels of 39974-40075

KEY SUPPORT

39300

KEY RESISTANCE

39818-40088

Trading Calls for the Day(21 OCT-2021)

IRCTC
COLPAL

PERFORMANCE UPDATE (20 OCT-2021)

Bullish Pick
MARUTI
-1.82
Return percent
THE STOCK DID NOT PERFORMED AS PER CHART SET UP & WAS DOWN BY 140 POINTS OR 1.82% DURING THE DAY

Bearish Pick

DRREDDY
1.72
Return percent
THE STOCK DID PERFORMED AS PER CHART SETUP & WAS DOWN BY 1.72% OR 83 POINTS DURING THE DAY

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