Stock market investment tips today and Tomorrow, intraday nifty and stocks Tips and call 8 oct 2018, Nifty Trading Tips, nifty trend tomorrow, nifty stocks, nifty tips intrans, nifty tips provider, stock market investment for beginners, intraday stock tips, intraday trading intraday stocks watch today, best stocks to buy today and tomorrow, hot stocks to buy now, picks in shares of India 8 oct 2018
---------------------------------------------------------------------------------------------------------
As per momentum oscillators, the market has entered deeply oversold levels, at these levels fresh shorts are not suggested as the risk-reward would not be favourable right now.
The levels of 10,150-10,200 might act as a cushion on further declines. If the market faces any support at these levels we may witness a relief rally up to 10,500-10,600 levels.
The same is expected in BankNifty, instead of taking a fresh short position one should try to exit from shorts if BankNifty stabilizes 23,900-24,000 might act as a cushion for further decline.
On weekly charts, RSI is nearing long-term bullish support levels of 40. Historically, these levels have been good support in the bull market and even in the bear market these level generally leads to mean reversion rally.
We expect Nifty to mean revert towards critical moving averages which are placed around 10,700-10,800 levels (200-DEMA placed around 10,779).
For Quick Trial Contact:
✆ - 09699997717✔
✆ - 0731-6626191 ✔
Mail: info@ways2capital.com
✆ Join us on WhatsApp @ 89620-00225 ✆
✆ 24/7 Customer Care 1800-3010-2007 (Toll Free)
0 comments:
Post a Comment