Index Analysis October 2021



OCTOBER 2021 MONTH ANALYSIS -
    







NIFTY OCTOBER 2021 ANALYSIS UPCOMING-

NIFTY -

1) NIFTY will have movements on both sides in OCTOBER month.

2) NIFTY has formed a Doji candle pattern on daily charts, for the opening first day.

3) 17530 level will be NIFTY October month trend changing levels.

4) NIFTY has been rejected multiple times @ 17950 levels which stays as strong resistance.

5) To break rejecting levels NIFTY must open a gap up above 17950 levels to create a new fresh all-time high.

6) NIFTY 17777 levels act as a strong resistance and once broken it will ride till logical 18000 levels.

7) NIFTY waiting upper levels are 18181.

8) NIFTY above 17950 will move till 18080 & 18181 levels.

9) NIFTY if tests upper levels first, then we might see a correction.

10) 17300 & 17200  levels act as strong support.

11) NIFTY 17530 levels will be bullish & below will be bearish.

12) Nifty below 17200 will drag till 17000 & 16900 levels on the downside.

13) My analysis for October Month 
17530 ke uppar, Hum uppar.
17530 ke neeche, Hum neeche.






BANK NIFTY OCTOBER 2021 ANALYSIS -

BANK NIFTY -

1) BANK NIFTY is holding 37000 levels.

2) BANK NIFTY will be bullish above 37140 levels.

3) BANK NIFTY has a strong resistance @ 37616 levels.

4) BANK NIFTY a day closing above 37616 levels will ride upside till 38300 levels.

5) BANK NIFTY next closing above 38300 we will see 38666 & 39000 levels on the upside.

6) BANK NIFTY 37140 below we may see a Healthy & fast fall on the downside.

7) BANK NIFTY below 37140 levels will be bearish on a closing basis.

8) BANK NIFTY below 37140 levels we can see BANK NIFTY sliding till 36666 / 36333 & 36136 levels.

9) BANK NIFTY 36300 & 36400 is October month Max Pain Level, Here we can see a good bounce-back & Faster moves on the upside.

10) BANK NIFTY will have both side rallies in October month.

11) BANK NIFTY My Analysis for October Month -
37140 ke uppar, Hum uppar.
37140 ke neeche, Hum neeche.






USDINR OCTOBER 2021 ANALYSIS -

USDINR -

1) USDINR has been closed bullish, but suspicious.

2) USDINR October month trend changing will be 74.48

3) USDINR above 74.48 will be bullish.

4) USDINR below 74.48 will be bearish.

5) USDINR 74.74 / 74.90 / 75 & 75.25 will be upper levels.

6) USDINR a closing above 74.48 will lead on to 74 levels.

7) USDINR below 74  levels will slide downside till 73.50 levels.

8) USDINR on a closing basis below 73.50  levels will fall brutally till 73 / 72.72  levels.

9) USDINR 73.83 levels is an accumulation zone.

10) USDINR will also rally both sides in October month.



VIBES -



-REGARDS-
Kirthee Bane

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