Market Strategies for Tuesday, October 16, 2018 from Share India Securities Ltd

Market Strategies

Top Trade

NIFTY - 10512
Nifty needs to sustain past 10550-10600 range

BANKNIFTY - 25388
Bank Nifty faces resistance from 25500, sup at 25200-25000

TRADE WIZARD

Ajanta Pharma1 Fut - Buy
BEML1 Fut - Buy
UPL1 Fut - Buy

"Trading inside a small range, markets witnessed some choppy movement; Nifty ended at 10517, gaining 31 points a spinning Top candle was formed as Nifty after dipping initially, managed to end near the upper range. Nifty is likely to see a stable opening but faces strong resistance at 10550-10600. Higher levels may attract some fresh selling pressure. On the lower side 10400 is strong support." - Mr Abhinav Gupta, President, Capital Markets, Share India Securities Ltd.

Source : Equity Bulls

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