As usual, our market view going 100% accurate even in volatile markets and Nifty following our levels and making you all earn in any kind of market. The Market view provided by us last week, also turned out to be 100% accurate. Our habit of predicting accurate market view must have become an addiction for all of you visiting here. Keep minting money with us, in any kind of market. We always say, dont go with bulls/bears, stay with levels and earn in both kind of markets.
For the week starting from 18October, Nifty fut will face resistance at 6080 level, if market maintains to cross and sustain above this level then we can expect the bulls to once again gear up easily for a new ride, and taking Nifty fut to higher levels of 6135-6172-6228+ . For upside move one must concentrate on the closing above the resistance level given above. If bulls manage to cross 6228 this time, then we can see new highs of 6339+ in markets in coming days. However , in case Nifty fut is unable to cross n close above the resistance levels, then on lower side we have support at 6024 level, if this level is breached and sustained then expect bears to attack decisively and try to take charge over bears, and will make Nity fut slide down to lower levels of 5980-5940-5855. Any close below 5940 level will be energy booster for bears and bulls might loose grip over the market. Consecutive close below 5940 will make bears rule the market and will try to make the whole scenario turned into bearish for a while. The week will witness some action packed fight between bulls & bears to take the charge.
We recommend all traders to stay cautious in current market, as trading in this market without any knowledge/ advice of market directions can be a lossing game all in all, so a good advice is the basic need for minting money from this market. In this week traders muct watch the range 5940-6228, breakout of this range will decide the further movement and will show some sharp movement. On lower side if the markets breaks & close below 5940 , one must get alerted for all long positions. However if 5940 level is not breached decisively then markets can bounce back sharply & bulls will butcher bears once again. In the month of october, get ready for a sharp & deceptive moves in markets. A broader range for the markets will be 5855-6339. Better to trade with levels and not with sentiments. The upper-lower limits of range must be used for all long/short positions for this week. Intraday Nifty fut levels will be provided, for more precised market movement, stay tuned with EAIB Securities.
For the week starting from 18October, Nifty fut will face resistance at 6080 level, if market maintains to cross and sustain above this level then we can expect the bulls to once again gear up easily for a new ride, and taking Nifty fut to higher levels of 6135-6172-6228+ . For upside move one must concentrate on the closing above the resistance level given above. If bulls manage to cross 6228 this time, then we can see new highs of 6339+ in markets in coming days. However , in case Nifty fut is unable to cross n close above the resistance levels, then on lower side we have support at 6024 level, if this level is breached and sustained then expect bears to attack decisively and try to take charge over bears, and will make Nity fut slide down to lower levels of 5980-5940-5855. Any close below 5940 level will be energy booster for bears and bulls might loose grip over the market. Consecutive close below 5940 will make bears rule the market and will try to make the whole scenario turned into bearish for a while. The week will witness some action packed fight between bulls & bears to take the charge.
We recommend all traders to stay cautious in current market, as trading in this market without any knowledge/ advice of market directions can be a lossing game all in all, so a good advice is the basic need for minting money from this market. In this week traders muct watch the range 5940-6228, breakout of this range will decide the further movement and will show some sharp movement. On lower side if the markets breaks & close below 5940 , one must get alerted for all long positions. However if 5940 level is not breached decisively then markets can bounce back sharply & bulls will butcher bears once again. In the month of october, get ready for a sharp & deceptive moves in markets. A broader range for the markets will be 5855-6339. Better to trade with levels and not with sentiments. The upper-lower limits of range must be used for all long/short positions for this week. Intraday Nifty fut levels will be provided, for more precised market movement, stay tuned with EAIB Securities.
Nifty Levels
- Resistance - 6080-6135-6172-6228
- Support - 6024-5980-5940-5855
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Stocks for the week
- Edserve Softsystems
- Jay Bharat Maruti
- Kiri Dyes
- GIPCL
- JM Financials
- Broadcast Initiative
- Koutons Retail
- JPT Securities
Intraday calls
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