Market Report 20.10.21

📰🗞📊🔮Market Report🔮📊🗞📰

📈 Market Trend📉 : Corrective mode💯

💲 Dollar 💱 :📈 Red.

🛢️Oil Price🛢️: Green.

🏢 Institutional Investors : Negative 📈

Sold net around 3500 crores

🟩Nifty Support : 18197
🟥Nifty Resistance : 18340

🟩Banknifty Support : 39340
🟥Banknifty Resistance : 39684

👨‍💻 Tomorrow’s Plan :

🔰 Institutions are selling continuously
🔰US markets positive but warning signs still present. ⚠️☢️⚠️
🔰Sell on every rise.📛
🔰PSU banks should be in focus
🔰Bank nifty indecisive but strong .🙌🏻

✅™️✅Correction is continuing and critical support of 18340 was broken. which now leaves 18200 exposed. If that is also broken, expect a dip below 18000 (up to 17950) from where buying will resume. Next two trading sessions are not expected to change this current trend unless 18200 proves itself to be a very strong support.

>>>> One thing to note is that, many analysts are confident about gap up opening tomorrow with the market resuming its bullish trend. They may be correct but in my opinion, the panic set in motion by few stocks like IRCTC has been massive. So, I am not expecting. Keep in mind, today was also a gap up opening but the gap was covered and the downfall continued.<<<<

☑️©️☑️TCS: Maintain buy on dips for this particular stock. Can be bought at CMP. Best buy around 3400.
☑️©️☑️Buying range for IRCTC is 3550-3792

☑️®️☑️Results on October 21: Asian Paints, JSW Steel, Biocon, 63 Moons Technologies, Agro Tech Foods, Borosil Renewables, Can Fin Homes, CG Power and Industrial Solutions, Container Corporation of India, ICICI Lombard General Insurance Company, IDBI Bank, Indian Energy Exchange, IIFL Securities, Indian Hotels, IndiaMART InterMESH, Duncan Engineering, Gateway Distriparks, Heritage Foods, Jubilant Industries, Lemon Tree Hotels, LIC Housing Finance, Bank of Maharashtra, Mphasis, Music Broadcast, Rane Engine Valve, Sasken Technologies, South Indian Bank, Sterlite Technologies, Tanla Platforms, Trident, TVS Motor Company, and VST Industries will release September quarter earnings on October 21.

✔️Will update next after premarket 💯✅

✔️Have a great day💯

🇮🇳 JAI BHARAT 🇮🇳