Nifty Update for October 8 - Inder Bhatia

The Indian market opened on a positive note but was not able to sustain at higher levels and fell deep in to the red zone. It was a choppy session during which the markets made a new low of 3537 levels although they managed to close in the green zone. For the coming session if Nifty ross 3730 it could test 3819 levels. On the lower side 3524 would act as support. The RSI is showing some divergence on chart for the upside.

Buy NTPC above 177 TGT 181>183 Stoploss 175.