MARKET ANALYSIS 11 OCT 2024

The market is waiting for a trigger to break the range, and we need to keep our eyes on the following levels for today's play.

Bank nifty looks better than nifty.

Any short covering can lead to an upside only.

Bank Nifty.

Support 51,100 – 51,150

Secondary 50,600

Resistance. 51,600 – 51,650.

Major: 52,000 – 52,100

Nifty.

Support.

24,990 – 25,020

Secondary24,850

Resistance.

25,120 – 25,150 | Major: 25,250 – 25,300

Let’s see how intraday things develop now.

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Good Morning Friends. We have seen fresh buildup with short covering and bank nifty build good data. we need to focus on all support areas to have good intraday play. 52050/52240 will be an immediate area to retest with gap-up opening and 51700/51500 have good base with huge put writing as support. Nifty has good support at 25080/50 and a good chance to retest 25220/269 areas. Now let’s see how intraday things develop.

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