2021-09-29 06:36:48
29th Sep Strategy:
Global: Negative
FII: Negative
DII: Neutral
F&O: Positive
Sentiment: Cautious
Trend: Positive
NIFTY & BANK NIFTY SUPPORT & RESISTANCE:
Trend To change from Positive to Neutral only if Nifty closes below 17325-17400 range
Nifty 17575-17650 Day support zone, Below that 17425-17500 strong support zone
Nifty 17750-17800 Day higher zone, Above that 17850-17925 strong Sell zone
BankNifty 37325-37400 Day support zone, Below that 37100-37250 strong support zone
BankNifty 37950-38100 Day higher zone, Above that 38175-38350 strong Sell zone
NIFTY & BANK NIFTY TRADING RANGE:
Nifty 17600-17750 Small Day Range, 17550-17800 Medium Range, 17500-17850 Bigger Range
BankNifty 37400-37950 Small Day Range, 37325-38100 Medium Range, Bigger Range 37150-38350
FIIs Index long decreased to 53% Vs 61%
PCR oversold at 0.94 Vs 1.11, short covering expected from lower levels
India VIX up by 3% at 18.54, volatility expected to increase
For Existing Long Positions:
Nifty Intraday SL 17500 n Closing SL 17550
BankNifty Intraday SL 37300 n Closing SL 37150
For Existing Short Positions:
Nifty Intraday SL 17950 n Closing SL 17850
BankNifty Intraday SL 38350 n Closing SL 38000
For New Positions:
Sell Nifty: SL 17850 Tgt 17650, 17600, 17575, 17525, 17500, 17440
Buy Nifty in 17500-17575 range: SL 17400 Tgt 17650, 17750, 17800
For New Positions:
Sell Bank Nifty: SL 38200 Tgt 37775, 37675, 37400, 37325, 37250, 37150
Buy Bank Nifty in 37325-37400 range: SL 37150 Tgt 37675, 37775, 37825, 37950
F&O Ban Update:
2 Stocks Out of Ban: Canara Bank, Escorts
4 Stocks Already In Ban: Vodafone-Idea, SAIL, Sun Tv, Zee Entertainment
New In Ban: NIL
2.0K viewsNishant Kumar, 03:36
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