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Fin Nifty 23500pe

170

160

23900pe 150 Stop loss 135 Trade your own Risk

ABB India September quarter PAT grows 21% to Rs 440 crore

PCR is 0.82 at ATM and 0.66 overall which is also neutral to bearish

As per OI, 51000 is support

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Bank nifty is approaching its trendline, if bnf broke its trend line it can go lower

BANK NIFTY ANALYSIS

PCR is 0.8 around ATM and 0.62 overall which is neutral to bearish

As per OI, 24000 is support and resistance above 24100

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There may be bounce, if yesterday levels break expects a further correction to 23500 or below

NIFTY ANALYSIS

Yesterday too FII sold around 4000 Cr in cash

Technically market is very bearish and there is continuous selling pressure

Nifty broke its October swing low and also its august swing low

It broke the support of 24000 in the morning itself after that it was a free fall

What a fantastic fall yesterday, nifty fell 500 points and after mid of the day it recovered around 200 points