Hi good evening
Today is 24th of October 2022 The Diwali
So first of all Happy Diwali to all of you So today is the Muhurat trading session Of the year 2022 and We have only 1 hour of Normal market trading session And for the day 80% of the times The market behaves in this is is a disused in the previous day analysis and in today study
So the trend is very clear and w have taken our trade in this only that we have to go long because the market opens gap up in the Muhurat trading day and then we may see a dip so we have to book our profits in the opening and wait for the dip and when the market is near to closing session around 6:55 we have to carry long for the closing we it is seen that the market give sup move in the closing session
We need to follow this strategy because we have the data from the the previous sessions only and also because of the limited and less data from the Normal market session which is a half of our only
So the important levels as per the SGX behavior is that 17800-17850 s the profit booking zone To 17900-17925 id the major resistance for the small session
we may open towards 17900 So Book profit and buy it near 17717-17775 range
We see that the bank nifty near new high the same strategy will be followed for it also
Bank nifty has the more strength than the Nifty because of the Major results
The results and the stocks which are looking good o that we will discussed tomorrow
Enjoy the long Carry Profits in this Diwali and Celebrate it with booking profits and Wait for the dip to come for new longs
Again Happy Diwali
Will meet again Tomorrow At 9:05AM
Disclaimer -- I may have some positions in some of highlighted stocks and this is only study for understanding purposed of the data and the patterns I am not saying anyone to buy any of these picks discussed here i am not SEBI Registered
Today is 24th of October 2022 The Diwali
So first of all Happy Diwali to all of you So today is the Muhurat trading session Of the year 2022 and We have only 1 hour of Normal market trading session And for the day 80% of the times The market behaves in this is is a disused in the previous day analysis and in today study
So the trend is very clear and w have taken our trade in this only that we have to go long because the market opens gap up in the Muhurat trading day and then we may see a dip so we have to book our profits in the opening and wait for the dip and when the market is near to closing session around 6:55 we have to carry long for the closing we it is seen that the market give sup move in the closing session
We need to follow this strategy because we have the data from the the previous sessions only and also because of the limited and less data from the Normal market session which is a half of our only
So the important levels as per the SGX behavior is that 17800-17850 s the profit booking zone To 17900-17925 id the major resistance for the small session
we may open towards 17900 So Book profit and buy it near 17717-17775 range
We see that the bank nifty near new high the same strategy will be followed for it also
Bank nifty has the more strength than the Nifty because of the Major results
The results and the stocks which are looking good o that we will discussed tomorrow
Enjoy the long Carry Profits in this Diwali and Celebrate it with booking profits and Wait for the dip to come for new longs
Again Happy Diwali
Will meet again Tomorrow At 9:05AM
Disclaimer -- I may have some positions in some of highlighted stocks and this is only study for understanding purposed of the data and the patterns I am not saying anyone to buy any of these picks discussed here i am not SEBI Registered
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.