Tuesday, October 13, 2020

Nifty and BankNifty, Stock Market Outlook 14 October 2020


 Nifty and BankNifty, Stock Market Outlook 14 October 2020 

Nifty: 11934 + 4
 BankNifty: 23492 -220

Stock Market Today 

Market ended flat with positive bias in the volatile session on October 13.

At close, the Sensex was up 31.71 points or 0.08% at 40625.51, and the Nifty was up 3.50 points or 0.03% at 11934.50. About 1129 shares have advanced, 1459 shares declined, and 177 shares are unchanged.

HCL Tech, Infosys, Kotak Mahindra Bank, Reliance Industries and UltraTech Cement were among major gainers on the Nifty, while losers were Cipla, Titan Company, Divis Lab, Adani Ports and Sun Pharma.

On the sectoral front, buying seen in the energy, IT, metal, while selling witnessed in the auto, bank, FMCG and pharma indices.

Nifty Outlook

nifty, finvestonline.com

Friends , now we can see clearly that recent uptrend in Nifty ended. Now in Nifty lower levels can be seen as the time passes. But Nifty will fall slowly as downward degree of is not much more, but it will increase as the time passes .

So, short position in Nifty can be made for the level of 11837.

BankNifty Outlook

banknifty, finvestonline.com

Banknifty condition is same as of Nifty but downward degree on chart is more than that of Nifty so it will fall more. So in every bounce and short covering short position can be made. 

Downside level of 23186  can be seen in Banknifty , so short position can be created for these levels in downside.

Thanks for your Precious Time.

Finvest Online
Telegram  :  t.me/finvestonline

Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.

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