Market Report 25.10.21

📰🗞📊🔮Market Report🔮📊🗞📰

📈 Market Trend📉 : Sideways and volatile 💯

💲 Dollar 💱 :📈 Green.

🛢️Oil Price🛢️: Green. Trying to break resistance.

🏢 Institutional Investors : Neutral 📈

DIIs buying. FIIs selling

🟩Nifty Support : 18118
🟥Nifty Resistance : 18197

🟩Banknifty Support : 49587
🟥Banknifty Resistance : 41829

👨‍💻 Tomorrow’s Plan :

🔰 Institutions taking opposite moves
🔰US markets positive. Warning signs
🔰Buy the dip ✅✅✅
🔰Banks will have some correction.
🔰Bank nifty bullish but today's candle has some indecisive indications .🙌🏻

✅™️✅Nifty has likely bottomed out at around 18100 mark even though 18000 has been tested. Again bank nifty has been the star but there is too much optimism around bank nifty which is likely to fizzle out.

Nifty has stiff resistance in between 18200-18300. Unless it sustains above 18300, expect a relatively sideways movement for a few days with possible start of up move any day. Confirmation of up move is due.

In any case 18000 is broken decisively, expect another 500 points drop. But that's a bit unlikely if today's candle is to be believed.


☑️©️☑️Asian Paint can be bought between 2600-2800 range.

☑️®️☑️Results on October 26: Axis Bank, Kotak Mahindra Bank, Bajaj Finance, ABB India, Cipla, Ambuja Cements, Asahi Songwon Colors, Best Agrolife, Birlasoft, Canara Bank, Central Bank of India, Century Enka, Cera Sanitaryware, Coromandel Engineering, Gati, Greaves Cotton, Greenlam Industries, Hikal, IRB Infrastructure Developers, Jindal Stainless, Dr Lal PathLabs, Mahindra Lifespace Developers, Meghmani Finechem, Mahanagar Gas, Meghmani Organics, Mangalore Refinery & Petrochemicals, Nippon Life India Asset Management, Persistent Systems, PI Industries, Sharda Cropchem, Shiva Cement, Surya Roshni, Symphony, Torrent Pharmaceuticals, Triveni Turbine, Wabco India, and Zensar Technologies will release September quarter earnings on October 26.

✔️Will update next after premarket 💯✅

✔️Have a great day💯

🇮🇳 JAI BHARAT 🇮🇳