NIFTY VIEW AS ON 8 OCT 2020 (RESISTANCE BROKEN) ?

Levels to watchout 

Intraday Support Zone is 11745-11755

Intermediate Support Zone is 11395-11425 

Long Term Support Zone is 10890-11050

MARKET VIEW : Rather than guessing if resistance is broken or not we must follow the levels mentioned above. Make note that this are the key levels if there is any break below then we can see next levels coming. Mere breakdown is not enough we must sustain below the same. 

SWING RECOMMENDATIONS (Triggered) Exit will be announced LIVE MARKET

BALKRISHNA IND (Stop loss 1428) triggered on 7 Oct

BIOCON (Stop loss 448) triggered on 8 Oct

DR REDDY LAB (Stop loss 5093) triggered on 8 Oct

 

SWING RECOMMENDATIONS 

MFSL (Buy at 615 Stop loss 600)

MANAPPURAM FIN (Buy at 168 Stop loss 162)

CHOLAFIN (Buy at 260 Stop loss 248)

ADANI ENTERPRISE (Buy at 330 Stop loss 310

****Trigger Terms and Conditions****

1) Recommendations are valid only for tomorrow if not triggered ignore

2) Gap up opening above Buy price will invalidate the set up

3) Trade if triggered should normally end in a week

4) Targets are not pre-determined (exit will be announced)

5) Trade should be considered only for Cash Segment

Caution : The views mentioned above are only my suggestions and do not consider it as a TIP or RECOMMENDATIONS. Before taking any further action on the same please consult your financial advisor and work as per your own risk appetite