Market commentary for 3rd October 2024

3 ngày trước

Good morning everyone,
3rd October 2024, Thursday

Israel vs Iran war. USA politics. SEBI's new circular regarding FnO. Say you what may, but I've been hinting that after 25800, we could see 25500 very soon on NIFTY , which is the next support for creating fresh longs. Today, we might witness this level.

Also, it's expiry. Expect a sideway day if the dips won't get bought.

Avoid getting into the hero-zero game, breakout, and gap-up chasing today. Wait for the buying to resume from the mentioned support 25500.

Resistance for any upmove lies at 25892.

BANKNIFTY is just 140 points away from its support. We may see a good bounce from here, as a few private banks are looking good on the chart.

- Support: 52777
- Resistance: 53257

CNXFINANCE

- Support: 24344
- Resistance: 24584

NSE:CNX Realty, Consumer Durables, and CNXFMCG sectors will be on radar.

That would be all for the day.
Have a profitable day ahead.