Market Analysis 16 Oct 2024

Good Morning Friends.
We have seen a range bound play with a slow auction.
Keep an eye on the following areas.

Nifty and Bank Nifty support
25020/24480
51660/51530

For immediate

Resistance
25080/25120
51900/52050

We will update major changes once the market settles.

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Market Analysis 15 Oct 2024

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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