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Stock Market Daily Updates: 14 Oct 2021

Nifty Future has resistance at 18202 – 18232 Point; above which other resistance levels are at 18247 - 18272 Point with highly Volatile Trend,

Photo Credit :

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FII and FPIs, on Wednesday saw a net purchase of Rs 937.31 crore in the cash segment. A total of Rs 7591.03 crore was sold against a total purchase of Rs 8528.34 crore. Domestic institutional investors saw a net sold of Rs 431.72 crore in the cash segment. A total of Rs 8113.06 crore was sold against a total purchase of Rs 7681.34 crore.

Nifty Future has Downside support levels are at 18133 – 18088 Point; below 18088 Point, other support levels are at 18008 – 17970 Point.

I am positive for the next bullish trend only above @ 18272 Point but be with the trend. Let the market decide further moves.

Ø Bank Nifty Future closed @ 38718 as on 13.10.2021..!!

I am positive for the next bullish trend only above @ 39009 Point but be with the trend. Let the market decide further moves.

Ø Trading Idea for the derivative stocks….

Ø RELIANCE IND. @ Positive Trend @ Rs 2670 with Stoploss of Rs @ 2647 for the Target near @ Rs 2733 - 2740 in short term…..!!!

Ø INFOSYS LTD @ Positive Trend @ Rs 1670 with Stoploss of Rs @ 1660 for the Target near @ Rs 1707 – 1717 in short term…..!!!

Ø CIPLA LTD @ Positive Trend @ Rs 903 with Stoploss of Rs @ 893 for the Target near @ Rs 926 – 933 in short term…..!!!

Ø GODREJ PROP. @ Negative Trend @ Rs 2480 with Stop loss of Rs @ 2505 for the Target near @ Rs 2424 – 2404 in short term...!!!

Ø MUTHOOT FIN. @ Negative Trend @ Rs 1593 with Stop loss of Rs @ 1606 for the Target near @ Rs 1555 - 1540 in short term...!!!

Ø RAMCO CEMENT @ Negative Trend @ Rs 1008 with Stop loss of Rs @ 1018 for the Target near @ Rs 978 - 970 in short term...!!!

Ø SUN PHARMA @ Negative Trend @ Rs 878 with Stop loss of Rs @ 890 for the Target near @ Rs 828 – 818 in short term...!!!

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Nikhil Bhatt | Research Analyst - SEBI

The author is a well established entrepreneur having a more than 16 years of experience in the field of stock market and financial management.

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