Trading Ideas for 25 OCT-2021
NIFTY FUT
0
Nifty post positive Opening & after testing resistance zone of 18350 fell sharply towards important support zone of 18050-18088 & bounced back a bit to close the day close to 18150. Now going forward we can see the Index trying to find support near 18050-17946 levels & a move above 18222 will take the Index towards 18294-18337.
KEY SUPPORT
18050
KEY RESISTANCE
18222
BANK NIFTY FUT
0
In my last few blogs I was mentioning that Bank Nifty have a strong support near 39300-39400 levels & if any Bearish set up will form will be below this level. Bank Nifty respected that level & zoomed past 40000 to close at all time high levels. Now going forward 40600 is steep resistance area for the Index & a move above this level the Index can show upward momentum towards 40974-41234.
KEY SUPPORT
40214
KEY RESISTANCE
40589
PERFORMANCE UPDATE (21 OCT-2021)
Bullish Pick
IRCTC
Return percent
THE STOCK PERFORMED AS PER CHART SET UP & WAS UP BY 316 POINTS OR 7.12% DURING THE DAY
Bearish Pick
COLPAL
Return percent
THE STOCK DID PERFORMED AS PER CHART SETUP & WAS DOWN BY 1.67% OR 27 POINTS DURING THE DAY
