CNXFINANCE Index has resistance near 27075 - 27125 range and if index crosses and sustains above this level then may reach near 27300 - 27350 range.
Finnifty has immediate support near 26675 – 26625 range and if this support is broken then index may tank near 26450 – 26400 range.
A gap-down opening is expected following the imposition of an additional 100% tariff by the US on Chinese imports effective November 1st. However, buying interest may emerge at lower levels as signals indicate possible finalisation of the India-US trade deal in the coming weeks.
Trade closed: target reached
Gap down opening with low near 26690 and then bounced to make high near 26920 with close near 26885.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.