Mkt will open and may trend downward due to Adani Auditor Deloitte resigning.
So trade light today and let the market digest this news today
One cannot quantify that how much impact such a news will have on mkt as most likelihood mkt will close on negative side and thus avoid ce calls and avoid heavy trading.
Make daily profit using our bank nifty options as we trade less but trade accurately.
Recovery can only occur when Adani group steps in market to stabilize their shares.
Nifty Spot View: 14/08/2023
CMP: 19428.30
Moving AVG (EMA) 20 Hour & 40 Hour: 19498 & 19523
Moving AVG (EMA) 20 Day & 40 Day: 19543 & 19352
Support & Downside Range: 19410—19368—19330
Resistance & Upside Range: 19515—19560--19650
Short Term Trend Reversal Level: -- 19296
Trading View: In today's trading session key support to watch is 19410 after opening if we break and sustain below this level for 15 to 30 mins then we may see correction to extend downside towards minimum 19368 to 19330 spot levels and max we may again go towards 19296 to retest the levels whereas upside immediate rest place at 19515—19560 spot level zone a above this level we may see up move to start again.
