This week's markets open with a positive note and Nifty managed to close above its crucial psychological of 8750. The Nifty closed with a gain of 11 points at 8708.80. On Tuesday and Wednesday was Market holiday due to Dussehra and Muharram. On Thursday market opened in red and markets fall sharply. Nifty closed with a loss of 135 points at 8573. It opened at 8672, hit an intra-day high of 8682 and low of 8541. We had recommended on last week research report (see our weekly report 10 Oct to 14 Oct) (we advised to Nifty future sell on rise around 8670 target will be 8550-8450). Our target achieved on 13 Oct Nifty future made a low at 8551. On Friday, the last Trading day of the week; the market is showing correction. A Market opened in green after massive cuts yesterday and also rebound in Asian markets. Nifty jumped 10 points to close at 8583. The Nifty50 (spot) opened the week at 8735.35, made a high of 8745.80 low of 8841.35 and closed the week at 8583.40. Thus the Nifty closed the week with a losing of -114.20 points or -1.32%.
Formations
•The 20 days EMA are placed at 8701.57
•The 5 days EMA are placed at 8638.23
•The 5 days EMA are placed at 8638.23
Weekly Pivot Levels for Nifty 50 Stocks
Weekly Top gainers stocks
Weekly Top losers stocks
Weekly FII’S Statistics*
MOST ACTIVE NIFTY CALLS & PUTS
MOST ACTIVE BANK NIFTY CALLS & PUTS
Weekly Recommendations:-
* FII & DII trading activity on NSE, BSE, and MCX’SX in Capital Market Segment (in Rs. Crores)
NOTE:- WE HAVE NO HOLDINGS IN ANY OF STOCKS RECOMMENDED ABOVE
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