Bharti Airtel - The Free Game 373 to 407 - Done

The Tata Group has agreed to sell its mobile business to Bharti Airtel for free was the news boiling beneath the surface & visualised on 2nd Oct2017 in the previous update.

Unfortunately, update was closed@373.

Zone of 375 -377 was the key zone & suggested that any move above that zone should be keenly watched for possible bounce back 395 - 400 -407 resulting into green candle on the day, when Nifty cracked from 10067 highs.

What Next?
Zone of 395-398 is the support zone for sessions to come ahead. Holding that zone as support, we look for 407-408 target zone next. As 407-408 is important multiple resistance zone , so we will book profits & long positions can be taken next if it trades above 409 for 413-415 zone & look for next resistance.
Only sustained move below 395 will be cautious point.

Previous Update - Coiling cracked for 40 points.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ


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