‹ All Posts
THREETREND RESEARCH

15th Oct · SEBI-Registered Analyst

Market Sentiment & Overview - Opening Trend: Indian indices are expected to open lower due to weak global cues and geopolitical tensions, especially after the U.S. announced additional tariffs on Chinese imports. - Previous Close: Nifty 50 ended at 25,285.35 (+0.41%), and Sensex at 82,500.82 (+0.40%). - Volatility: India VIX rose to 10.31, indicating a slight uptick in market volatility. 📈 Index Support & Resistance Nifty support at 25100 / 25000 , Rasistance at 25400 / 25500 Bank nifty Support at 56100 / 55800 , Rasistance at 57000/ 57500 Sensex Support at 81700 / 81000, Rassistance at 82800 / 83000 🛢 Commodities Snapshot - Crude Oil: Latest data unavailable due to a technical issue. However, global tensions may keep oil prices elevated. - Gold: Latest data unavailable. Typically, gold remains a safe haven during geopolitical uncertainty. 🏭 Sector Performance - Metals: Strong performance driven by global tariff adjustments and dollar weakness. - PSU Banks: Continued momentum due to improving fundamentals and Q2 earnings optimism. - IT & Energy: Mixed signals; IT remains flat while energy stocks are reacting to global oil cues. 💡 Trading Strategy for Today - Intraday Bias: Cautiously bullish with a focus on sector rotation. - Stock Picks: - Metals & PSU Banks for momentum trades. - Defensive sectors like FMCG and Pharma if volatility spikes. - Risk Management: - Use tight stop-losses near support zones. - Avoid over-leveraging due to global uncertainty.

RELIANCE

#TechnicalViews
781 likes·70 comments