🧵 1. Volatile October ahead for markets, with short positions influencing Nifty. Potential recovery for HDFC Bank, impacting Bank Nifty index. #finance
🧵 1. Volatile October ahead for markets, with short positions influencing Nifty. Potential recovery for HDFC Bank, impacting Bank Nifty index. #finance
🧵 3. Historically good month for Nifty, shorts create ideal setup for reversals. Target of 18,600, but inside bar suggests potential revival and push beyond 20,000.
🧵 4. Sensex faces rejection trades, but no slippage beyond 65,700 may lead to sustainable uptrend, targeting 66,500.
🧵 5. USDINR stuck near barrier, bias neutral above key level of 82.78. Expect fluctuations, but maintain positive bias above 82.98.
🧵 Read more at: https://www.financialexpress.com/market/cafeinvest-volatile-october-likely-for-markets-short-positions-to-influence-nifty-3261355/
🧵 2. Bank Nifty shows opportunity for new leaders, index due for bounce back. Short positions by FIIs at historically high levels, offering reversal potential.
thanks for sharing