NIFTY VIEW AS ON 14 OCT 2020 (Important Update) **Stock Update**
Intraday Support Zone is 11895-11900
Intermediate Support Zone is 11520-11595
Long Term Support Zone is 10930-11145
MARKET VIEW : For two consecutive days prior to this we saw that NIFTY was retesting its intraday support and ending higher. Today Nifty opened and break below the support however in second half NIFTY bounced back and ended above the levels. Which indicates that there is less bearishness as of now. So there is no panic it will be interesting to see how things follow next.
STOCK TO WATCHOUT FOR POSITIONAL TRADE
TATA CONSUMER PRODUCT
We had this recommended and it was eventually up by 4 percent today. This rally is expected to continue with stop loss below today's low. To make any sort of cash buy position one can enter on breakout confirmation above today's high. Ensure that break above high should sustain. Heavy buying volume was observed in todays date.