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Share Market Closing Note | Indian Stock Market Trading View For 11 October 2022

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 Share Market Closing Note

 Indian benchmark indices ended lower for the third consecutive session with Nifty finishing below 17,000 level. All You Need To Know About Stock Market Timings & Trading Sessions In India

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Topic :- Time:3.15 PM

Just In:

Bank of England widens bond purchases over market turmoil.

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Topic :- Time:3.00 PM

Nifty spot if holds above 16980 level on closing basis then expect some pull back in the market in coming session and if it breaks and closes below above mentioned level then some decline can further follow.

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 7309.If it breaks and trade below 7300 level then expect some further decline in it and if it manages to trade and sustain above 7320 level then some upmove can follow. Right now Crudeoil is 3.82% down.

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Topic :- Time:2.00 PM

Nifty is again in deep red. Nifty spot if manages to trade and sustain above 17120 level then expect some upmove and if it breaks and trade below 17080 level then some decline can follow in the market.

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Topic :- Time:1.30 PM

GOLD Trading View:

GOLD is trading at 50861.Gold is likely to gain momentum and it can head towards 51200-51400 levels today. Buy from decline is advised in it.

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Topic :- Time:1.00 PM

Nifty is turning volatile now. Nifty spot if manages to trade and sustain above 17160 level then expect some further upmove in the market and if it breaks and trade below 17120 level then some decline can follow in the market.

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Topic :- Time:12.50 PM

Just In:

Tracxn Technologies IPO subscribed 38% on Day 2, retail portion booked 1.91 times

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 652.If it breaks and trade below 650 level then expect some further decline in it and if it manages to trade and sustain above 653.50 level then some pull back can be seen. However right now trend will remain sell from rise.

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Topic :- Time:12.15 PM

Just In:

Bank Of England intervenes in bond markets again, warns of material risk to UK financial stability

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Topic :- Time:12.00 PM

Nifty is trading in a range however has recovered from its lows. Nifty spot if manages to trade and sustain above 17220 level then expect some further upmove in the market and if it breaks and trade below 17180 level then some further decline can follow. Wait for some movement before taking big positions.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex, Nifty move in narrow range; Tracxn Tech IPO subscribed 34%

2. Indian economys slow-but-steady activity awaits festive season boost

3. Indias e-retail market to increase to $150 bn-$170 bn by 2027

4. OECD releases global framework for exchange of info on cryptocurrencies

5. Railways plans to set up EV charging points at major stations in 3 years

6. Net inflows into equity MFs jump 130% to Rs 14,100 crore in September

7. Infosys gains nearly 1% as board to consider share buyback on Thursday

8. MF assets rise to Rs 39.88 trn in Sep on higher inflows into SIPs: Amfi

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 11 October 2022:

Global cues to dictate trend. Nifty to turn volatile as the day progresses.

Nifty spot if manages to trade and sustain above 17300 level then some upmove can be seen and if it breaks and trade below 17180 level then some decline can be seen.

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

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