NIFTY VIEW AS ON 15 OCT 2020 (Breakdown) ? Stock Update !!
Intraday Resistance Zone is 11845-11865
Intermediate Support Zone is 11540-11600
Long Term Support Zone is 10940-11145
MARKET VIEW : Yesterday market broke below intraday support however ended higher. Today it broke below intraday support again but continued to break below. If NIFTY breaks below today's LOW then we may see there intermediate support zone as mentioned above to come.
STOCK TO WATCHOUT FOR POSITIONAL TRADE
TATA CONSUMER PRODUCT
We had this recommended and it was eventually up by 4 percent yesterday. However, it for appropriate entry it was necessary for the stock to break above today's high and sustain. The same did not happen. Trade is still valid to trigger as stop loss is not hit. Stay tuned !!