Índice Nifty 50

Nifty - Expiry day analysis Oct 14

509
Price moved within a very narrow range today between 25150 and 25250. Nearby resistance is seen at the 25300 - 25320 zone. And nearby support is at the 25000 zone. Bank Nifty was bullish and did not fall, giving strength to Nifty to sustain above 25150.
Let us assume the price opens flat without any big gap up or gap down. In that case, buy above 25200 with the stop loss of 25150 for the targets 25240, 25280, 25320, 25380 and 25420.
Sell below 25100 with the stop loss of 25150 for the targets 25060, 25020, 24980, 24920 and 24880.
Expected expiry day range is 24900 to 25400.
Always do your own analysis before taking any trade.

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