$ For The Trade $

The upside move can continue if we see the price movement and OI for 2-3 trading days

Nifty made a doji candle on weekly time frame and on daily time it breaks the range in lower side but failed

For the week 24500 can act as a support and 25500 can act as a resistance

NIFTY ANALYSIS

Technically nifty is short until it breaks 25600

This week will also be driven by corporate results

On Friday nifty opened below 24700 made low of 24567 and bounced and closes above 24800.

Weekly nifty fell only around 1% but intraday volatility was very high in last week

Last week was driven by corporate result for nifty and bank nifty

Good morning, all

Happy Monday, Happy New Week 💚 The bulls are here, but the bear seems missing 🤔 How do you feel the market will open?🤔 Up 👍 Down 👎 Flat 😭 Don't know 😂

💫 Market Metrics: Weekly Roundup ⭐ Sensex: 81,224.75 ⬆️ ⭐ Nifty 50: 24,854.05 ⬆️ ⭐ Nifty Bank: 52,094.20 ⬆️ ⭐ Nifty Smallcap 100: 19,077.80⬆️ ⭐ Nifty Midcap 100: 58,649.15 ⬆️ ✨ Market Performance Key Takeaways For The Week 🌟 The markets witnessed significant ups and downs this week due to heightened geopolitical tensions and weak earnings from key companies, with Nifty 50 closing above 24850, ending the week with a 0.42 percent loss. 🌟 While the markets managed to remain within the defined range, 24600 is now expected to offer support, and a break below it could signal potential weakness, while 25250 is the expected resistance level, and a break above it could spark optimism. 🌟 The market participants are advised to adopt caution and wait for a clear breakout before making any aggressive trading and also focus on stock-specific opportunities. They should also closely monitor global developments and keep an eye on the ongoing earnings season. 🌟 BANKNIFTY impressively recovered itself on the penultimate day after a turbulent trading week and closed near 52100 level. While traders are advised to exercise caution, 51900-51700 is now expected to offer immediate support, followed by sacrosanct support in the 51200-51000 band and resistance is expected in the 52600-52800 band, which could be used to book profit. ……………………………………………………………………………… ✨ News Highlights For The Week 🌟 Viacom18, Sony to face off for Asia Cup media rights 🌟 Adani Enterprises raises $500 million primary equity to further its growth plans 🌟 RBI halts loan disbursals at four NBFCs over pricing policy violations 🌟 JSW Energy inks 1,200 MW Solar-Wind Hybrid Power deals in Maharashtra 🌟 Vishal Mega Mart files updated draft IPO papers with Sebi, eyes Rs 8,000 cr ————————x——————— Disclaimer: https://bit.ly/3usSGoH Sources: Angel One Research | ET | Mint | BL| BL| BS | Date: October 18, 2024