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Sunday, October 1, 2023

29 sept close trend

Nifty 19638

Week saw fall of 200 on monthly expiry and rally of 200 on friday due to bank holiday and funds nav buying

Weekly range 19700 19550
Monthly range 19800 19400
Last week form a doji on weekly chart after fall of 550 in previous week , it indicate major fall next week also.

Chart 1 shows starting of fall on weekly basis
Chart 2 shows 19400 as last support for rally from 17000
Chart 3 n 4 same with support at 19400, 19250

Redemption selling by mutual fund will start soon. Reliance ICICI N HDFC bank saw heavy selling , Infy TCS are still buy mode.

All HNI client holding, adding, trading in 19500 octend put from 65 high 200.