NIFTY VIEW AS ON 19 OCT 2020 AND STOCK UPDATE RECOMMENDATIONS !!
Intraday Support Zone is 11835
Intermediate Support Zone is 11577-11640
Long Term Support Zone is 10956-11200
MARKET VIEW : We were waiting for a breakout from range that was formed on FRIDAY. And we indeed opened with a gap up and now it will be interesting to see in coming days if NIFTY break above today's high and sustains then our intraday support zone will be key.
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. (This still holds valid yet to trigger)
STOCK RECOMMENDATION FOR SWING TRADE
SIEMENS
Siemens has given a good buy signal one can look to enter from 1265 to 1275 levels and hold till we get a sell signal. 1300 looks sure to come and feeling is once it breaks above will be giving a good big move so do watch out for !!