ROAD MAP – Nifty, Bank Nifty & Midcap Stocks:
Currently Nifty trading at 10682.
♨️Positive global cues and recent correction in CRUDE PRICES & Rupee has taken nifty to cross its Resistance level of 10650.
♨️India vxi is trading around 18.83 levels.A fall below 15.5 can fuel more rally to Index.
♨️Major events Lined up from Nov End Till Mid December like G20 summit,State election Results,OPEC Meet and Fed Meet.
♨️The Major Risk to market is How State Election Road Map pans out before 2019 Finals,Trade war policy,Hike rate by fed.
♨️Nifty had strong support at 10500/10300.
♨️Currently Nifty showing Good Strength & Ready to cross Resistance level of 10700/10760 and can test 10800/10950.
♨️One should book profits at higher levels & If Global markets support & Positive news flow continues Rally can even extent Till 11111/11200 Kind of levels on Nifty in next 1 to 2 month.
♨️Bank Nifty has strong support at 26050/25780 and on Higher side it Can Test 26500/26690/27000.
♨️In Midcap & Smallcap space stock specific action To continue.Both index are headed for more gains.
♨️STOCK TO KEEP OM RADAR
Disc – All views expressed are personal and for study & Educational purpose only. Consult your financial advisor before investing.