NIFTY VIEW AS ON 12 OCT 2020 (Intraday support tested) Positional Trade Stock Pick !!
Intraday Support Zone is 11880-11885
Intermediate Support Zone is 11465-11515
Long Term Support Zone is 10910-11145
MARKET VIEW : Today we saw that NIFTY took support at live market intraday zones and bounced back to end higher. This shows strength in the rally. However , we need to note that distance between Intraday and Intermediate zone is big due to consistent rally that we have seen. It looks good till it holds above the Intraday levels but one need to be cautious if it breaks below we might have Intermediate zone coming. Any such break downs will be informed in LIVE market.
STOCK TO WATCHOUT FOR POSITIONAL TRADE
TATA CONSUMER PRODUCT
This particular stock has corrected after rally and now available at good buy zone. Look after the price action and keep it under your watchlist this could rally up back soon. Formed an inside DOJI today.