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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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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