Market Report 27.10.21
📰🗞📊🔮Market Report🔮📊🗞📰
📈 Market Trend📉 : Profit booking💯
💲 Dollar 💱 :📈 Green.
🛢️Oil Price🛢️: Red. Reversal signs from resistance.
🏢 Institutional Investors : Negative 📈
DIIs buying. FIIs selling
🟩Nifty Support : 18197
🟥Nifty Resistance : 18340
🟩Banknifty Support : 40587
🟥Banknifty Resistance : 41829
👨💻 Tomorrow’s Plan :
🔰 Institutions mostly selling.
🔰US markets Red. Some bearish signs.
🔰Buy the dip ✅✅✅
🔰Metals & Pharma in focus.
🔰Bank nifty indecision persisting with sideways movement.🙌🏻
✅™️✅Nifty was behaving as predicted in the market report yesterday. But things changed aggressively on the bearish side by the last hour of trading. The simple explanation is retailers have become exhausted in pulling up the market where institutions are selling heavily. The complicated explanation is that some big finger has done heavy call writing at 18500. There is another big fish doing the same at 18300. They are doing everything to protect their positions.
Good thing is that nifty closed above 18197 which has become a crucial support lately. This signifies that even though retailers are profit booking, they are also willing to buy the dip at certain levels. So any massive fall is unlikely as of now.
Veteran analysts are of the opinion that today's down move shows definite weakness in the market. They think that it is likely that 18100 would break down and would result in massive selling leading to slippage below 18000. They are not necessarily wrong about the facts. It is just that 18197 is showing tough till now and the buying that this zone generates which is my argument against a massive fall. Let's see.
☑️©️️☑️ Stock ideas shared
☑️®️☑️Results on October 28: Please consider looking into BSE site.
✔️Will update next after premarket 💯✅
✔️Have a great day💯
🇮🇳 JAI BHARAT 🇮🇳
📈 Market Trend📉 : Profit booking💯
💲 Dollar 💱 :📈 Green.
🛢️Oil Price🛢️: Red. Reversal signs from resistance.
🏢 Institutional Investors : Negative 📈
DIIs buying. FIIs selling
🟩Nifty Support : 18197
🟥Nifty Resistance : 18340
🟩Banknifty Support : 40587
🟥Banknifty Resistance : 41829
👨💻 Tomorrow’s Plan :
🔰 Institutions mostly selling.
🔰US markets Red. Some bearish signs.
🔰Buy the dip ✅✅✅
🔰Metals & Pharma in focus.
🔰Bank nifty indecision persisting with sideways movement.🙌🏻
✅™️✅Nifty was behaving as predicted in the market report yesterday. But things changed aggressively on the bearish side by the last hour of trading. The simple explanation is retailers have become exhausted in pulling up the market where institutions are selling heavily. The complicated explanation is that some big finger has done heavy call writing at 18500. There is another big fish doing the same at 18300. They are doing everything to protect their positions.
Good thing is that nifty closed above 18197 which has become a crucial support lately. This signifies that even though retailers are profit booking, they are also willing to buy the dip at certain levels. So any massive fall is unlikely as of now.
Veteran analysts are of the opinion that today's down move shows definite weakness in the market. They think that it is likely that 18100 would break down and would result in massive selling leading to slippage below 18000. They are not necessarily wrong about the facts. It is just that 18197 is showing tough till now and the buying that this zone generates which is my argument against a massive fall. Let's see.
☑️©️️☑️ Stock ideas shared
☑️®️☑️Results on October 28: Please consider looking into BSE site.
✔️Will update next after premarket 💯✅
✔️Have a great day💯
🇮🇳 JAI BHARAT 🇮🇳
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