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 4 October, Nifty fut will face resistance at 6198 level, once this level is crossed and susatined then we can see higher levels of 6232-6277-6339, on upper side 6232 will act as major resistance level and any close above this level will invite bulls for a fresh rally. On the contrary to upside, Nifty fut has support at 6115 on lower side, breaching this support level Nifty will show the lower levels of 6072-6040-5965. On deeper side 6040-6072 range will be a major support level for the markets , and any close below 6040 level will make Nifty to slide down to the levels of 5965-5880. If nifty fut is able to hold above 6072 levels on closing basis, then once again bulls will try their luck and will try to gain some strength over bears in coming days but on upside 6198-6232 will be a resistance zone for the bulls. Nifty range for this week will be 6040-6232, decisive breakout on eitherside will lead to sharp movement.
Concluding the whole market view, we can say that major triggers for the Nifty fut for this week are 6040-6072 on lower side and 6198-6232 on upper side, breaking on eitherside will lead Nifty to move further on that side. Any major movement in markets will come only after, breaking the range of 6040-6232 on consecutive closing basis. One must not jump and do the trades in excitement in current markets, as aggressive trading in current market can lead to unexpected profit/loss. Watchout the markets cautiously and trade with strict discipline and stoploss. Dont try to speculate or time the markets. Simply trade on levels and mint money from both up-down movements of markets.
For the week starting from 4 October, Nifty fut will face resistance at 6198 level, once this level is crossed and susatined then we can see higher levels of 6232-6277-6339, on upper side 6232 will act as major resistance level and any close above this level will invite bulls for a fresh rally. On the contrary to upside, Nifty fut has support at 6115 on lower side, breaching this support level Nifty will show the lower levels of 6072-6040-5965. On deeper side 6040-6072 range will be a major support level for the markets , and any close below 6040 level will make Nifty to slide down to the levels of 5965-5880. If nifty fut is able to hold above 6072 levels on closing basis, then once again bulls will try their luck and will try to gain some strength over bears in coming days but on upside 6198-6232 will be a resistance zone for the bulls. Nifty range for this week will be 6040-6232, decisive breakout on eitherside will lead to sharp movement.
Concluding the whole market view, we can say that major triggers for the Nifty fut for this week are 6040-6072 on lower side and 6198-6232 on upper side, breaking on eitherside will lead Nifty to move further on that side. Any major movement in markets will come only after, breaking the range of 6040-6232 on consecutive closing basis. One must not jump and do the trades in excitement in current markets, as aggressive trading in current market can lead to unexpected profit/loss. Watchout the markets cautiously and trade with strict discipline and stoploss. Dont try to speculate or time the markets. Simply trade on levels and mint money from both up-down movements of markets.
Nifty Levels
- Resistance - 6198-6232-6277-6339
- Support - 6115-6072-6040-5965
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Stocks for the week
- Sandur Manganese
- Nirma Ltd
- Splash Media
- Modern Dairies
- Kashipur Sugar Mills
- Resurgere Mines
- Raj Packaging
- Cadila Healthcare
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Intraday calls for 4 October
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For all trades, keep trailing your stop loss once the stock is above the buying price. Don't take delivery of any intraday call. Avoid spike buying.
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