Market Report for 18.10.2021

📰🗞📊🔮Market Report🔮📊🗞📰

📈 Market Trend📉 : Market is extremely bullish .💯

💲 Dollar 💱 :📈 Green. But had correction

🛢️Oil Price🛢️: Rising exponentially .

🏢 Institutional Investors : Overall Positive 📈

DIIs booked profits. FIIs maintaining long position.

🟩Nifty Support : 18282
🟥Nifty Resistance : 18432

🟩Banknifty Support : 38484
🟥Banknifty Resistance : 39543

👨‍💻 Tomorrow’s Plan :

🔰 Institutions and retailers going along side.
🔰US markets positive.
🔰Don't make fresh long positions.📛
🔰PSU banks should be in focus
🔰Bank nifty bullish .🙌🏻

✅™️✅5 straight days of up move is a caution and 7 straight days is a problem. So, there is a possibility of some retracement by Wednesday. Meaning, market can correct and profit booking is likely to happen. 18,200 is going to be tested when that happens and it will take this month to cross 18,500.

☑️©️☑️One special pick is Adani Ports which is has some gas left in it. Sector wise speaking, it is my conviction that psu banks will be outperforming for next few weeks. PNB and Federal can be good picks.

☑️®️☑️Results on October 18: UltraTech Cement, Larsen & Toubro Infotech, Route Mobile, Alok Industries, Concord Drugs, Craftsman Automation, Gujarat Hotels, Hathway Bhawani Cabletel & Datacom, Hatsun Agro Product, International Travel House, Lloyds Steels Industries, Navigant Corporate Advisors, Sunedison Infrastructure, SVP Global Ventures, Tanfac Industries, Tata Coffee, and Uniply Decor will release September quarter earnings on October 18.

✔️Will update next after premarket 💯✅

✔️Have a great day💯

🇮🇳 JAI BHARAT 🇮🇳