Nifty Update for October 6 - Inder Bhatia

The Indian market opened below the 3900 mark, faced selling pressure throughout the session, and closed in the deep red zone. For the coming session, if the market opens above 3870, it could test 3921-3940 zone. On the lower side, 3759-3711 would act as support zone.

Last week nifty lost 4.2 percent and closed near a major neckline support. As heavyweights cracked last week, some like Reliance and Tata Steel, made new lows. Nifty is hovering near 3800 levels Closing below this, it will test 3647-3547 levels. For the coming session, if Nifty closes above 3910, it could test 3973-4052. On the lower side 3766 -3623 would act as a support zone.


Sell NALCO below 346.50 TGT 335>327, Stoploss 352.

Sell SESAGOA below 107 TGT 101>97 Stoploss 111.70.