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Share Market Closing Note | Indian Stock Market Trading View For 12 October 2022

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 Share Market Closing Note

Nifty ends above 17,100, Sensex gains 500 pts; all sectors in the green.What Is a Stock Exchange? Definition and Examples

All the sectoral indices are trading in the green. BSE midcap index rose 0.6 percent and smallcap index ended on flat note.

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Topic :- Time:3.00 PM

Nifty spot close above 17080 level will result in some further upmove in the market and if it closes below above mentioned level then some sluggish movement can be seen. Avoid open short positions for tomorrow.

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Topic :- Time:2.30 PM

GOLD Trading View:

GOLD is trading at 50928. If it manages to trade and sustain above 50120 level then expect some further upmove in it and if it breaks and trade below 50880 level then some decline can follow in it.

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Topic :- Time:2.25 PM

Just In:

TVS Motor vrooms past Hero MotoCorp to be 6th most-valued auto company.

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Topic :- Time:2.20 PM

Just In:

Supported iPhones to get 5G-related software update by December: Apple

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Topic :- Time:2.00 PM

Nifty spot if manages to trade and sustain above 17100 level then expect some quick upmove in the market and if it breaks and trade below 17080 level then some decline can follow.

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Topic :- Time:1.30 PM

NATURALGAS Trading View:

NG is trading at 546.If it breaks and trade below 543 level then expect some decline in it and if it holds above 543 level then it can rise till 555-558 levels quite soon. Buy on every dip is recommended till evening session.

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Topic :- Time:1.10 PM

Just In:

Route One Fund divest 1.54% stake in IndusInd Bank for ₹1,401 cr

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Topic :- Time:1.00 PM

Nifty is trading near to its critical support area. Nifty spot if manages to trade and sustain above 17060 level then expect some pull back in the market and if it breaks and trade below 17040 level then some decline can follow in the Nifty.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 655.20.If it manages to trade and sustain above 656.20 level then expect some further upmove in it and if it breaks and trade below 654.50 level then some decline can follow in it.

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Topic :- Time:12.00 PM

Nifty spot if manages to trade and sustain above 17100 level then expect some further upmove in the market and if it breaks and trade below 17080 level then some decline can be observed in the Nifty.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex off days high, up 100pts; Nifty50 above 17,000

2. Travelling to Europe? Now make hassle-free payments using UPI on your phone

3. Liquidity slips into deficit on high credit growth, festival loan demand

4. Vietnam giving India a run for its money in the China Plus-One game

5. Crypto industrys winter deepens as trading volumes plunge, funds dry up

6. Indias green energy firms join hands to develop carbon-credit market

7. M&M gains 2%; firm strengthens pact with Jio-bp for EV charging points

8. Biocon falls 12% in 5 days on one major deficiency alert for API unit

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Topic :- Stocks under F&O ban on NSE

1. Delta Corp

2. Indiabulls Housing Finance

3. India Cements

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Topic :- Results on October 12

Wipro, HCL Technologies, Sterling and Wilson Renewable Energy, 7NR Retail, Artson Engineering, Mangalam Industrial Finance, Mega Nirman and Industries, National Standard (India), Nxtdigital, Sanathnagar Enterprises, Standard Capital Markets, and Yash Chemex will be in focus ahead of quarterly earnings on October 12.

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 12 October 2022:

Nifty to trade volatile and is likely to follow global cues. Trade as per market trend.

Nifty spot if manages to trade and sustain above 17000 level then expect some up move in the market and if it breaks and trade below 16920 level then some further decline can follow in the market. 

Please note this is just opening view and should not be considered as the view for the whole day.

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