Nifty Update for October 27 - Inder Bhatia

Sell CANBK below 154 TGT 146>141 Stoploss 159.

Sell HDFC below 1553 TGT 1501>1424 Stoploss 1587.

Last week Nifty lost 15.95 percent as global uncertainty and selling from FII saw the Nifty close in the deep red zone. Nifty had registered the highest ever weekly fall in history. For the coming session, Nifty broke all major support on Friday. We can find next support for Nifty near 2536. If we break 2539, it will drift near 2289 on the other side, 2780 would act as resistance zone. If Nifty is able to cross 2782 and close above, we could test 2923-3053 zone.

Happy Diwali.