Positional Calls 9th November 2017

9th November 2017

Market likely to open in green; Buy around 10310-

10320: Cracking the whip on the bulls, the markets slipped
lower for the third consecutive session as selling pressure
intensified across most sectors. Selling pressure with
increasing volatility ruled the roost throughout yesterday’s
session as market participants chose to sell on every rise.

As a result of the selling pressure, the index closed below
its 13 day SMA for the first time in more than a month,
lower by 47 points. Going into today’s session, intraday
traders are advised to trade with caution as the index
approaches its crucial weekly support zone of 10260-
10240. Sliding below the said zone, the Nifty is likely to
witness its next meaningful support around 10200-10170.
Whereas on the upside, immediate resistance in the Nifty
can be witnessed around 10350-10370 crossing which the
index could witness some short covering towards 10420-
10440 as well.

                                                                                                                                                                   

                                                                                                                                                                   

Futures and Options

                                                                                                                                                                   

                                                                                                                                                                   

                                                                                                                                                                   

                                                                                                                                                                   

Intraday Calls

                                                                                                                                                                   

                                                                                                                                                                   

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