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Market View:

Today’s important levels post opening in Nifty are 17650/17720 and support at 17500 & 17450.

In BANKNIFTY 40700/40900 and support at 40400& 40250


Good Morning 😊






One more thing :
Global markets are in for more pain going forward and even though our market outperform, at some point it will align with the world markets. We cannot just outperform when all other economies and markets suffer.

October is going to be a really important month.


Market View:

One day ahead of an important event, so expect some volatility plus some speech from Putin at 10.30am.

Support comes at 17690/17650 and resistance at 17800/17830
Banknifty 41000-41500 could be the range.


Good Morning😊




Analysis:

Nifty 17880/17920/17940 Resistance

Banknifty 41600/41720 resistance


Market View:

Now we know why they were controlling the market yesterday like anything. They were expecting this pullback in US as US futures were down 260 points yesterday. They are only expecting 75bps point hike and market only will react badly if it’s more than that. Some more volatility possible but Nifty 17400 low is protected as of now.

Today If nifty cross 17800 then a big short covering possible and in banknifty that level is 41550. Post gap up Nifty should hold 17700 and banknifty 41100


Good Morning 😊




Analysis:

Banknifty if it breaks and sustains above previous high then upto 41500 is possible

So far Nifty respected top and bottom as per my morning views


Market View:

Any bounce in the market will face resistance at 17660 in Nifty and in banknifty at 41100-41200.

Market has more downside left and will probably hold all levels as we mentioned in the early post but if FED increase interest rate by 100 bps then there could be one knee jerk reaction in all markets including ours.

Today expect the possible range to be 17400-17650 and in banknifty 40300-41000


Good Morning 😊





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