Nifty
*Nifty Short View - October*
Expecting a correction in Nifty, expecting up to an 8% pullback in the October series.
*Short Entry*
*Only below 25,900*.
*Levels*
- 25,688 / 25,500
- 25,080
If this level is broken further selling pressure - *24,730*
- 24,380 / 24,000
*Stop Loss - 26300*
A sharp sell-off may drive Nifty to 24,000 before the U.S. elections, where accumulation of longs may begin.
At 24,380/24,000 levels, significant buying by market participants is expected, considering U.S. elections, quarterly results, and Diwali.
Note: This is solely my view, not a recommendation.
Expecting a correction in Nifty, expecting up to an 8% pullback in the October series.
*Short Entry*
*Only below 25,900*.
*Levels*
- 25,688 / 25,500
- 25,080
If this level is broken further selling pressure - *24,730*
- 24,380 / 24,000
*Stop Loss - 26300*
A sharp sell-off may drive Nifty to 24,000 before the U.S. elections, where accumulation of longs may begin.
At 24,380/24,000 levels, significant buying by market participants is expected, considering U.S. elections, quarterly results, and Diwali.
Note: This is solely my view, not a recommendation.
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