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Nifty likely to start in a -ve bias as per SGX suggested and then may consolidate few moments.
Last trading day we witness some profit booking in Banking, Automobile, Media, Oil and Gas and telecom stocks.
This drag nifty after a big gap up cant hold its gain on Monday.
Stocks that Drag nifty on Monday from Gap Up
Bharti Airtel,IciciBank,Sbin,Hdfclife,Tatamotors etc.
Stocks that Keep nifty up Monday
The stocks for which nifty still manages to close flat from days low are
Infy, ITC, Upl, Asian Paints etc.
Our views for todays market
As per our chart analysis, we are still maintaining our targets given on 05.10.2020 post.
One should trade very carefully from here and don’t take multiple positions in Longside from here.
Buy on dips should be the strategy.
Securities in Ban For Trade Date 13-OCT-2020:
1. ADANI ENT
2. BHEL
3. CANBK
4. IDEA
5. JINDALSTEL
6. SAIL
Have a Profitable day.
Disclaimer: The views and investment advice
expressed by investment experts on Stocktradingfno.com are for
educational purposes only. Before taking any investment
decisions, consult with your financial advisors.