Tuesday 10 October 2017

MARKET TREND 11/10/2017

Nifty future made marginal gain today and closed at  10036. bank Nifty Future closed above 24360. Now next hurdle for BNF is 24480. You can expect fire work after this number is crossed. That is called break out number. 

I have not been optimistic about the last two days and it has happened exactly. Now I repeat again that tomorrow is the day which belong to bulls who have been waiting for a good rally to book profits. 

Do not expect any big wonder on Expiry day as tomorrow is the best day to get rid of CEs. Better to be with cash during Diwali week as Diwali normally disappoints ordinary investors. Be ALERT.

Nifty  Future Levels : Support 10023/10000/99883/69  Resistance 10048/10099/10148/10240

Bank Nifty Future Support 24264/174/   Resistance : 24400/480/540.

If everything goes well we may see Nifty future touching 10240 and BNF 25250 before Diwali.

Best of Luck!

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