Nifty Futures
Key Resistance zone 23118—23166—23336
Above 23023, we will see rally till 23066—23099
Fed Treasury resumption restrictions put the stock market in green
Be cautious at resistance zone, buying on dips will be the best trading strategy.
Immediate support at 22828
Decisive break and sustain below 22828 will take it to 22783—22721 mark
Our Yesterday’s Bank Nifty Futures call skyrocketed! The buy recommendation from 49,620 played out brilliantly. 🚀🔥
Bank Nifty Futures
Flared like anything and hit the 49878.95 mark.
Now what next?
Watch 50084 carefully.
Decisive break and close above 50084 will take it to 50386—50541 levels in days to come.
Immediate support at 49630.
Key Stocks To Watch
1. GMDC Ltd. – Strong Support at 254 Signals a Buying Opportunity
Now Watch 260—265 Levels Carefully
Open and Sustain Above 260—265 Will Take It to 280—300
We see a closing above the major support of 254, making it a strong support zone.
Support intact around 249 will act as a StopLoss.
2. Tejas Networks – Falling Channel Breakout Indicates Bullish Momentum
Keep an Eye on 720 Levels
Holding Above 720 Can Propel It Towards 800—850
A breakout from the falling channel with a solid bounce off the 653 support suggests strength.
640 remains a key support level and should be the stop loss.
3. PRESTIGE – Falling Channel Breakout Signals Strong Upside Potential
Watch 1210 Levels Closely
Sustaining Above 1210 Can Drive It Towards 1355
1088 remains a crucial support level and should be the stop loss.
After the Fed’s Move, What’s RBI’s Next Stand?
Until then, Happy Trading!
Commodity Samachar Securities
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