Insignia Consultants
New Delhi
Monday, 07 October 2019
TIME
8:30 PM IST
----------------------------------------------------------------------------------------------------------------
NIFTY AND BANK
NIFTY Technical Report
To me Nifty and bank nifty are investment
opportunities. Day traders and jobbers need to remain on the sidelines.
Tomorrow is a holiday. There will be position squaring and rebuilding for
Wednesday. Global factors are still bearish for stocks. US-China trade deal may
not happen this week. News will be the key.
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nifty spot
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bank nifty spot
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CMP
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11174.75
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27731.85
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S5
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10778.90
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24591.15
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S4
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10873.90
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25344.92
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S3
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10976.83
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26161.50
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S2
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11023.54
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26532.10
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S1
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11081.33
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26990.64
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R1
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11268.17
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28473.06
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R2
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11325.96
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28931.60
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R3
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11372.68
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29302.20
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R4
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11475.60
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30118.78
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R5
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11570.60
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30872.55
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CMP= Current price market price
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ABOVE TECHNICALS ARE ONLY FOR REFERENCE
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Nifty
(spot)
Key supports: 11099.10
Key resistances: 11262.10
200 day MA at 11262.10 is the initial resistance with
100 day MA at 11405.40 as key resistance. Key long term support is at 10940.40.
Short term bearish trend will be there only if nifty trades below 10940.40.
Bank Nifty
(spot)
Key supports: 27201.70
Key resistances: 28117.70
Bank nifty needs to trade over 27201.70 (100 week
moving average) to rise to 28795 (200 day moving average) and 29445 (100 day
moving average). Crash or sell off will be there only below 27201.70.
Disclaimer: Any opinions as to the commentary, market
information, and future direction of prices of specific currencies, metals and
commodities reflect the views of the individual analyst, In no event shall
Insignia Consultants or its employees have any liability for any losses
incurred in connection with any decision made, action or inaction taken by any
party in reliance upon the information provided in this material; or in any
delays, inaccuracies, errors in, or omissions of Information. Nothing in this
article is, or should be construed as, investment advice. All analyses used
herein are subjective opinions of the author and should not be considered as
specific investment advice. Investors/Traders must consider all relevant risk
factors including their own personal financial situation before trading.
Websitewww.insigniaconsultants.in. Prepared by
Chintan Karnani
Disclosure:
Everyone in team Insignia Consultants makes investment in delivery based trades
on stocks listed in BSE and NSE.
Insignia Consultants does not have any branches in India.
Insignia Consultants does not have any marketing agents in any city in
India.
NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE
SPECIFIED
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PLEASE
USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
THE
TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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