NIFTY : 19TH OCT

#NIFTYINDEX, #NIFTY50

* NIFTY INDEX : RESISTANCE AT 17550 - STRONG SUPPORT AT 17000.
> After two day rally, Nifty may go for consolidation mode. Banking Sector rally may continue, that will make nifty to break 17600.
> Global Market seems to be in consolidation Mode or Profit Booking after huge rally for past 2 days.

* NIFTY TECHNICAL : NEUTRAL , HUGE GAP UP WILL BE DIFFICULT TO SUSTAIN UNTILL ANY POSITIVE NEWS.

AT 17500 OI : CALL - 85 L
PUT - 52 L.

* SECTOR TO WATCH : BANKING, AUTO

DAILY CHART : RESISTANCE AT 17550 .

STOCKS TO WATCH : #TATAPOWER, #CANBK, #SBIN #AUBANK, #FEDERALBANK.

Canara bank and Sbi both made huge rally, with expecting positive report from q2 result. After result, profit booking may happen.

Comment:

LONG
#BHEL - 70
#ICICIBANK - 920

SHORT
#NMDC - 128
#NAVINFLUOR - 4100

Trade closed: stop reached:

#NAVINFLUOR

Trade active:

#ICICIBANK
#NMDC

NEW #TVSMOTOR - TARGET 1200 (LONG)

Comment:

NIFTY breaks and sustain above 17750 in 1Hr candle, 17550 will act as an resistance.

Trade active:

#TVSMOTOR - Rs.1150 (1.97% UP)

Comment:

#SBIN & #CANBK - PROFIT BOOKING

Comment:

NIFTY : 15MIN - 17560
CONSOLIDATION

Trade closed manually:

#ICICIBANK , #BHEL

Trade closed manually:

#TVSMOTOR - RS.1150

Comment:

NIFTY CHARTPATTERN : IT'S NOT A BULLISH SIGNAL, Bullish Hammer pattern always at low point of the swing. Current pattern may be trap.
Avoid taking position, wait for the confirmation.

Comment:

If nifty close and crossed 17560 - Mild Bearish in Next 15min.

Comment:

NIFTY - 17550 PE

Comment:

#ADANIPORT RESISTANCE AT RS.820

Comment:

#SBI
LONG UNWINDING - 4%
TOTAL OI - 4.6Cr POSITION.

Trade closed: target reached:

NIFTY - 17550PE

Trade closed: target reached:

#NIFTY - CONSOLIDATE