NIFTY VIEW AS ON 11 OCT 2020 (Resistance is broken) STOCK RECOMMENDATIONS !!
Intraday Support Zone is 11825-11830
Intermediate Support Zone is 11430-11470
Long Term Support Zone is 10900-11060
MARKET VIEW : Officially looks like resistance is broken now as we had 2 consecutive upward trending days over our recent HIGH of 11794. However, we have observed that there is no retracement even at INTRADAY levels since past one week. For any long positions to be made ensure that NIFTY retraces upto mentioned levels.
SWING RECOMMENDATIONS (Triggered) Exit will be announced LIVE MARKET
BALKRISHNA IND Stop Loss triggered on 9 Oct
BIOCON (Stop loss 448) Buy triggered on 8 Oct
DR REDDY LAB (Stop loss 5093) Buy triggered on 8 Oct
MANAPPURAM FIN (Stop loss 162) Buy triggered on 9 Oct
SWING RECOMMENDATIONS
DABUR (Buy at 525 Stop loss 515)
TVS MOTOR (Buy at 480 Stop loss 467)
TATA MOTORS (Buy at 143 Stop loss 137)
ASIANPAINT (Buy at 2109 Stop loss 2045)
GRASIM (Buy at 773 Stop loss 742)
****Trigger Terms and Conditions****
1) Recommendations are valid only for tomorrow if not triggered ignore
2) Gap up opening above Buy price will invalidate the set up
3) Trade if triggered should normally end in a week
4) Targets are not pre-determined (exit will be announced)
5) Trade should be considered only for Cash Segment