Tuesday, October 1, 2019

NIFTY OUTLOOK & FREE OPTION CALL PUT TIPS FOR 3 OCT 2019

BUY HINDALCO 175 PUT @ 2.3 TGT 3.5
BUY AXISBANK 740 CALL @ 7.5 TGT 10.5
Bulls are on back foot bears continued to grip the markets in Tuesday’s session also due to an across-the-board sell-off as financial sector woes, auto sales slump and weak macro data spooked investors. …!!!! Nifty came below 11400 mark. After opening at 11515 nifty made a high of 11554 & came down to 11247 & finally closed at 11359 down by 114 points in intraday.
Tuesday was the second straight session when the index saw a late recovery. it is failing to sustain at higher levels, which is a cause of concern.  Going forward it is imminent for this index to sustain above today's low of 11247 levels. Sustaining above the said low a consolidation in the zone of 11255–11500 levels can be expected and unless 11500 is cleared on the upside further strength in the index shall not be expected.  The 11200 level still looks like a sacrosanct support, a breach of which shall take the Nifty below the 11100 level. A decisive close above the 11550 level should usher in a sustainable uptrend. 
More about intraday tips on Google +
Resistance: 11450, 11550, 11650
Support: 11300, 11200, 11100

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