Nifty Futures - Oct 5

Nifty started the day with a gap down opening and corrected along with the broader market sell-off in Wednesday’s session. However, we witnessed a recovery from the low of 19333 and it ended well above 19400 with a loss of less than half a percent. All up Moves can initiate profit Booking @ 19500 whereas All Down Moves can Initiate Short Covering @ 19350

If Nifty futures for the Oct Series move above 19515 and sustain. Then Nifty futures can touch 19540 during the day with a Stop Loss of 19490. In a day it could trade in a range of 19540- 19600 levels.

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Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. The material is only for educational purposes.

Thanks
Er. Simranjit Singh Virdi