NIFTY VIEW AS ON 13 OCT 2020 (INTRADAY RETESTING TWICE) !! STOCK RECO UPDATE !!
Intraday Support Zone is 11910-11950
Intermediate Support Zone is 11495-11555
Long Term Support Zone is 10920-11145
MARKET VIEW : For second consecutive day NIFTY has taken support at intraday zones in LIVE market and ended higher. This is very much conclusive with two DOJI formed on daily time frame for consecutive days. Does this mean an indecision or weakness ? We have to look after above levels and wait for breakdown to confirm.
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 yesterday and taking support thrice at 470.