Sensex - Expiry day analysis Oct 16

896
Price has taken support from 82500 and managed to close above it. Price has a higher probability of moving up as long as it sustains above 82500. At the same time, the price is facing trendline resistance in the daily chart.
syot kilat
Price can fall from trendline resistance if it gains bearish strength. Before taking a trade we should know where the nearby support/resistance is waiting for us to give diversion.
Buy above 82560 with the stop loss of 82420 for the targets 82660, 82800, 82920, 83040,83200 and 83320.
Sell below 82300 with the stop loss of 82420 for the targets 82200, 82080, 81940, 81800, 81680 and 81560.
Always do your analysis before taking any trade.

Nota
83000 resistance is getting tested. syot kilat
Nota
High made 83615. syot kilat

Penafian

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