Market Morning Notes For 7th October 2024
Markets for the week succumbed to selling pressure after failure to sustain above 26,000 mark in Nifty and was followed with sharp decline over 4% on back of unrest in the Middle East. The weekly setup turned out to be bearish belt hold line pattern suggesting a major reversal and a close below 25,160 is likely to trigger follow-up selling in the near term with potential target seen at...
Market Morning Notes For 4th October 2024
Markets activated major breakdown on breach of 25,500 with Nifty 50 ending lower by 2% mainly on the back of unrest in Middle East. Nifty continued the selling pressure on its weekly expiry session, which has commenced from the start of this truncated week. Index shaved off over 500 points yesterday making fresh day low every hour in trade. For Nifty, the larger setup suggest that it is...
Market Morning Notes For 3rd October 2024
Markets activity remained range bound on Tuesday with initial attempts to regain above 25,880 in Nifty was met with major resistance to finally end on a flat note. The attack on Israel from Iran is likely to trigger major selling in Indian markets if the issue escalates. Overall, the setup in markets suggest selling pressure is expected to aggravate further below 25,500 with a potential...