Positional Calls October 23rd Monday

24-October
Markets likely to open flat, Buy around 10170: Nifty witnessed a volatile day in trade, three days ahead of the October 2017 expiry as the index moved in a broad range of about 100 points in yesterday’s session.

The index however managed to shut shop in the green and ended higher by 0.38%. Going into today’s trade, volatility is likely to persist as 5 Index stocks will be reporting their performances for the last quarter.

Immediate supports for the Nifty index can be seen around 10140-10120 below which the index has strong support around 10080-10060. Whereas on the upside, if the immediate resistance around 10230-10250 is taken out with good buying activity, then a fresh round of buying towards 10300 cannot be ruled out.

Today, companies like AMBUJACEM, ASIANPAINT, CANFINHOME, HDFCBANK, ICICIPRULI, INFY, L&TFH, ZEEL, RAYMOND etc will be announcing their Q2 numbers and are expected to remain in the limelight.

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