Mohit Jhanji Trading in Stock Market Since 2006. Iam working as a Technical Analyst in Wealth Creator. Wealthcreator.co is a research firm. We have Been Serving The Traders Of Indian Stock Market, Commodity Market From Past Seven Years With Tailored Products To Meet The Needs Of The Individual Retail Trader, Brokers,Corporate & High Net Worth Individuals & NRI’s.

Nifty Future October Expiry Overview

37 sec read

Nifty

[wp_ad_camp_5]

 
Nifty Future closed the week at 8023.5 on Diwali mahurat trading session. the market has seen a sharp reversal from lows of 7752 and with positive global cues the index has managed a strong up run in short term. Majority of moves have happened with gap up’s in the same.

Now week ahead we are entering the FNO Expiry for October series hence playing in options huge amount shall be avoided. On index front the hurdle for nifty is at 8050 once sustain this level then expect the same to move towards the trend line resistance around 8120, breakout above 8120 will lead nifty to 8200 and higher.

Banknifty has already made an breakout to life time high’s and if bank nifty supports we can expect to see fresh life time high’s in nifty as well.

On downside the supports for bulls is at 7990 if break this level expect another 50 point cut soon for 7945 below which bear’s will become active again.

Trading Strategy : Enter Shorts Below 8015 with stops of 8050 abv close for a target of 7945/7930 

Mohit Jhanji Trading in Stock Market Since 2006. Iam working as a Technical Analyst in Wealth Creator. Wealthcreator.co is a research firm. We have Been Serving The Traders Of Indian Stock Market, Commodity Market From Past Seven Years With Tailored Products To Meet The Needs Of The Individual Retail Trader, Brokers,Corporate & High Net Worth Individuals & NRI’s.

Analyzing Bank Nifty: Dual Momentum Top and Market Profile…

The Bank Nifty chart showcases a fascinating pattern known as the “Dual Momentum Top,” indicating potential short-term bearishness. Let’s dive into the details of...
Rajandran R
1 min read

Options Explosion: Why 45.5 Lakh Traders Are Betting Big…

Hey traders! Ever wondered how you stack up against the crowd in the NSE? The Indian stock market is witnessing an unprecedented surge in...
Rajandran R
3 min read

Liquidation Breakout Failure in Nifty Futures – Sign of…

The Indian stock market has been buzzing with activity, and the recent performance of the Nifty index has caught the eye of investors and...
Rajandran R
49 sec read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More