Nifty outlook 12th Oct 2023

2023년 10월 12일

Closing Range - 19572/19805
Extended range - 19488/19889

Nifty is well placed to enter the long uptrending channel again & resume it journey towards all time high. The conviction is based on the following points from the session on 11th Oct -
-Support at 20 DMA
-Vix cooled off by 2.5%
-PCR slightly down to 1.2
-Put writer support at 19800

If something goes wrong (IT sector can be a mood spoiler), we can see Nifty come down till 19700 to fill the gap.

Possible trade: Risk reward is in favour of bulls, so plan your day accordingly.

P.S. - 0.5%-1% return on capital can be considered good in intraday.

2023년 10월 12일

노트

IT index down by 1% as doubted.
Realty, FMCG, Pharma sectors are also under pressure - All these had good run up in recent past. Typical market behaviour.

Reliance & private bank index is holding on.

I shorted 19800 CE post 1st 15 min candle in morning.

Trade safe.
P.S. - 0.5%-1% return on capital can be considered good in intraday.

2023년 10월 12일

거래청산: 타겟 닿음

Nity remained in range 1.