Nifty Talk for 7th October 2024
Good morning everyone
7th October 2024, Monday
All the corrections levels were pending seems to be over now. However market is market. May surprise more if you are not prepared.
Do not panic in case of any surprise. Also do not be the first person to buy. Wait for the sustained move above the resistance levels and then go long gradually.
Support for #Nifty is at 24960. Below this 24777 is another support.
Resistance lies at 25484. Above this a sharp short covering is expected.
#BankNifty giving a reversal sign on Intraday chart with support 51347. Resistance would be at 51630 for the day.
#Finnifty resistance 23732. Support @ 23555.
No specific update other than this. Will wait for today's data to analyse for the week ahead.
Take care. Have a profitable day ahead.
7th October 2024, Monday
All the corrections levels were pending seems to be over now. However market is market. May surprise more if you are not prepared.
Do not panic in case of any surprise. Also do not be the first person to buy. Wait for the sustained move above the resistance levels and then go long gradually.
Support for #Nifty is at 24960. Below this 24777 is another support.
Resistance lies at 25484. Above this a sharp short covering is expected.
#BankNifty giving a reversal sign on Intraday chart with support 51347. Resistance would be at 51630 for the day.
#Finnifty resistance 23732. Support @ 23555.
No specific update other than this. Will wait for today's data to analyse for the week ahead.
Take care. Have a profitable day ahead.
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