Intraday market outlook for 15 October

Last week when markets were going down, only we told everyone to go long instead of shorting, and told everyone that they can make long positions till 4900 level is not breached. We also gave targets of 5048-5145-5225, and what happened that is in front of you all. Nifty fut made low 4918 and today high-5128, massive gains coming from long positions and our accuracy intact at 100%. All our stock recommendations are blastingggggg everyday to provide you all handsome profits from any kind of market. Hope you all must be enjoying the accuracy and must be minting good money from share market.


Yesterday Markets witnessed sustained buying from all the sectors. Strong Asian/European markets further added to the positive investor sentiments and thus taking positive cues from global markets, indian markets also performed well for whole day. And Both Nifty and Sensex made new highs for this year. On 15 October, Nifty fut will face resistance at 5145 level, if it manages to cross and sustain above this level then we can see higher levels of 5173-5198-5225+. But traders must stay cautious in day range of 5145-5195. However if Nifty fut faces selling pressure due to profit booking, then on lower side it has support at 5080 level, and any fresh selling can come into markets only when Nifty breaches and sustains below this level. If the support level of 5080 is breached then we can see Nifty fut sliding down to 5054-5030-5010 levels.

We recommend all traders to keep watch on Nifty fut range 5054-5145,for their trades. As both these levels hold the key for movements, and we will sharp moves on breakover of any of these levels. If Nifty fut trades above 5145 level, then long position holders must start booking profits and hold rest with trailing SL. Sentimental and greedy trading, will result in depreciation of profits. So, its always better to keep booking profits time to time.

Nifty Levels

Resistance-5145-5173-5198-5225

Support - 5102-5080-5054-5030

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Intraday calls

• Geojit BNP abv 46 tgt-46.5-47.3-48+
• NIIT Tech abv 128 tgt-130.2-131.5-134
• Zylog abv 356 tgt-360-364-370+
• Indus ind bank abv 124 tgt-125.8-127-130+
• Also watch Subhash Project, Sesa Goa, Areva T&D,Asian Oilfield.

For all trades,keep trailing your stoploss once the stock is above the buying price. Dont take delivery of any intraday call. Avoid spike buying.

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