NIFTY ANALYSIS 03 OCT 2022.
NIFTY ANALYSIS 03 Oct 2022
1. US is down 1-1.5%. Europe is trading up by 0.5%. Asia has closed negative.
2. SGX Nifty is indicating 126 pts down at 16960.
3. HDFC twins are near crucial resistance levels. SO is reliance.
4. Infy and TCS may trade positive due to dollar getting strong.
5. There is festive season in India. volume of trading may be low.
6. we have only three days in this weekly trading session. options contract may decay fast.
VERDICT.
7. Nifty has shown a bullish candle on chart.
8. SGX nifty is showing opening below 17000 and 17100 and 200 SMA.
9. if nifty does not pull back above 17000, then buy 17100 and 17100 puts. Tgt 16800 and 16 750.
10. After 1000 Hrs, if nifty sustain above 17000, then 16900 call can be bought. Tgt 17100.
THE VIEWS ARE PERSONAL PLEASE CONTACT YOUR FINANCIAL ADVISOR
1. US is down 1-1.5%. Europe is trading up by 0.5%. Asia has closed negative.
2. SGX Nifty is indicating 126 pts down at 16960.
3. HDFC twins are near crucial resistance levels. SO is reliance.
4. Infy and TCS may trade positive due to dollar getting strong.
5. There is festive season in India. volume of trading may be low.
6. we have only three days in this weekly trading session. options contract may decay fast.
VERDICT.
7. Nifty has shown a bullish candle on chart.
8. SGX nifty is showing opening below 17000 and 17100 and 200 SMA.
9. if nifty does not pull back above 17000, then buy 17100 and 17100 puts. Tgt 16800 and 16 750.
10. After 1000 Hrs, if nifty sustain above 17000, then 16900 call can be bought. Tgt 17100.
THE VIEWS ARE PERSONAL PLEASE CONTACT YOUR FINANCIAL ADVISOR
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