📊 Market Update
🗓 Date: 31st Oct, Thursday
Good Morning DIL SE TRADER Family ❤️
🌏 Global Markets: Global markets are suggesting negative signals, so our Indian markets are likely to start with a Gap Down 📉 opening today.
📈 Market Update: It was an interesting market on Wednesday, the index has moved upside after the gap up opening till the 1st half whereas a quick sell-off was seen in the second half, making index to close at Day's low. Few facts about this month is that: FIIs has sold almost the same amount as they did during the covid period and not just that, Nifty has seen the worst monthly decline after March 2020. These two things clearly have a negative impact on market sentiments.
📢 Market Expectations: The gap down opening of today will disturb the clear upside price action. If it's a big gap down, it can bring quick buying. The intraday expectations from today is that market will be super volatile in the morning session and by the end of the day, we will have a clear picture of which side it want to go.
📈 Trading Plan: We're going to watch how things unfold before jumping in. We'll go with the flow — if the market keeps going up, we'll follow the rise.
Today's Focus: We're keeping an eye on Bank Nifty & Nifty for opportunities.
💹 Important Levels to Watch
#BankNifty
- Support: 51200₹ - 50800₹
- Resistance: 51700₹ - 52250₹
#Nifty
- Support: 24200₹ - 24070₹
- Resistance: 24310₹ - 24500₹
🗓 Date: 31st Oct, Thursday
Good Morning DIL SE TRADER Family ❤️
🌏 Global Markets: Global markets are suggesting negative signals, so our Indian markets are likely to start with a Gap Down 📉 opening today.
📈 Market Update: It was an interesting market on Wednesday, the index has moved upside after the gap up opening till the 1st half whereas a quick sell-off was seen in the second half, making index to close at Day's low. Few facts about this month is that: FIIs has sold almost the same amount as they did during the covid period and not just that, Nifty has seen the worst monthly decline after March 2020. These two things clearly have a negative impact on market sentiments.
📢 Market Expectations: The gap down opening of today will disturb the clear upside price action. If it's a big gap down, it can bring quick buying. The intraday expectations from today is that market will be super volatile in the morning session and by the end of the day, we will have a clear picture of which side it want to go.
📈 Trading Plan: We're going to watch how things unfold before jumping in. We'll go with the flow — if the market keeps going up, we'll follow the rise.
Today's Focus: We're keeping an eye on Bank Nifty & Nifty for opportunities.
💹 Important Levels to Watch
#BankNifty
- Support: 51200₹ - 50800₹
- Resistance: 51700₹ - 52250₹
#Nifty
- Support: 24200₹ - 24070₹
- Resistance: 24310₹ - 24500₹