billionairetrder

Market Analysis of 1st October 2021 and Trade Recommendations

NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
Views On Nifty & Bank Nifty: Bears not only have markets in the grip they have it in their jaws. But is it all a mirage? Is it calm before storm? Will markets reverse and hit 19,000? Let us answer these questions.
Data Analysis: FIIs bought 131.39 crs . while DIIs sold in cash segment. On 1st Oct. FIIs were long on Index Calls and Index Futures .
US markets closed in green after a lomng time and SGX Nifty closed 100 points above NIFTY Spot. This could be signs of bullish reversal on Monday.
Trade Recommendations for 4th October – 8th October 2021(On Daily Timeframe ):
1. Bank Of Baroda (82.45): Bullish . Hold Long positions. Can keep adding to positions on each dip.
2. Gail (163.15): Bullish . Hold Long positions. Can keep adding to positions on each dip.
3. Can Bank (176.85): Bullish . Hold Long positions. Can keep adding to positions on each dip.
4. National Alum (95.50): Bullish Stock. Buy for RSI > 55

a) As calls are valid for the period 4th October to 8th October 2021
b) Any stocks added should be assumed to be included in the watchlist of that current week and those removed should excluded from it.