Nifty Future and Stocks:

The month of October is going to be a Challenging one for traders as there will be alternate bouts of Buying and selling days. Banking Sector will continue to underperform for this settlement and IT Sector might go in for correction.

Big Daddy Reliance will continue to underperform for this settlement.. Then what’s rosy for this settlement ? Its only Pharma along with Cement sector and two wheeler stocks should outperform the market. Tata Motors  should be watched closely for this settlement and stock has lot of resilence when broader market goes for correction.

For today’s trading, Nifty Future could resist around 5810 and any move beyond 5824, could lead to short covering in market.  If turns down from 5810, it will fall to 5705 – 5665

To be successful in trading, one needs right technical levels along with conquering one’s emotions..

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Trade Well and Good Luck !!