NIFTY VIEW AS ON 17 OCT 2020 (RANGE DAY)
Intraday Resistance Zone is 11800-11805
Intermediate Support Zone is 11555-11620
Long Term Support Zone is 10950-11145
MARKET VIEW : It was a range day or no trade day today as NIFTY failed to break or resist at resistance zone neither did it broke below LOW formed on thursday. This criteria still exists. Ensure to trade accordingly.
STOCK TO WATCHOUT FOR POSITIONAL TRADE
TATA CONSUMER PRODUCT
It has to break above 492 and sustain for considering any long position for the same.