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Market Analysis 18 Oct 2024

 Good Morning Friends. 




We have seen total red in this week and expecting a gap down opening. 


Now today closing will be very important to gauge next clue for coming days. 


FIIs is selling hard and no one knows them they stop. 


Nifty have good base at 24660/560 areas which looks to save. 


Bank nifty should save 51100/51050 and below this we can go 50800/500 directly. 


If we close above previous lows then we can see some relief towards 24850/920 as resistance and 51500/700 for bank nifty. 


Now let’s see how intraday things develops and we will update all major changes.

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