NIFTY : 18 OCT

Oct 18, 2022

#NIFTY50 Under 1day candle nifty is in range bound between 16750 - 17450.

* DAY CHART TREND ANALYSIS : MILD BULLISH TREND

* 1Hr chart : Crucial resistance at 17350, yesterday nifty fails to take out this resistance. Can assume 17350 act as an strong resistance in
upcoming trading days
* 1Hr TREND ANALYSIS : BULLISH

* TODAYS OI DATA :
CALL OI 17300 : 67L
PUT OI 17300 : 52L
PCR : 0.76

* SECTORS TO WATCH OUT :

BANKING SECTOR - Specifically #SBI

Oct 18, 2022

Note

NIFTY NEXT RESISTANCE 17550

Oct 18, 2022

Note

If breaks 17550, Will expect Short covering of 100 points

Oct 18, 2022

Note

Banking sector can act as an crucial support to take nifty to 17600. Look for index weighted banking. SBI,HDFC, HDFCBANK, CANBK, AUBNK,RBL,INDUSIND,etc.

Huge Gapups are hard to sustain, Nifty may go for consolidation from here on. Take positions wisely, alway look for support and strong resistance.

Oct 18, 2022

Note

Finally, Leave your thoughts.!!
Happy Day's

Oct 18, 2022

Note

Hammer pattern : 15min - Bullish

Oct 18, 2022

Note

* Hammer Pattern, rally (65 points)is facing resistance.
* Look for breakout above 17550, in between Nifty will be in consolidation mode.

Oct 18, 2022

Note

TOP PERFORMER IN BANKING SECTOR : #SBIN , #CANARA BANK.