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NSE Index Future Levels for October 8, 2018

Posted on October 8, 2018 - Filed Under Market Trends - By Equity Hits

Equity Hits Research | 8th October 2018

Trading as per support and resistance levels may be quite useful for daily (Intra-day) trading in NSE Index futures. Resistance is termed as the level where the stock/index future generally gets some opposite force before it can go further up. A support is the level where a stock/index future get buying interest before it can fall further. Under the normal market conditions or in the absence of some extremely panic news the support and the resistance levels can act as good levels for initiating the buying/selling. In general, it is advisable to buy the stock/index future at support levels and sell at the resistance levels. In daily/Intraday trading, there are few support and resistance levels known as Support 1, Support 2, Resistance 1, Resistance 2, etc

Nifty Future Levels for Oct 08, 2018
Pivot Level = 24584
Support1 24042 Resistance1 24893
Support2 23733 Resistance2 25434
Support3 23192 Resistance3 25744
Bank Nifty Future Levels for Oct 08, 2018
Pivot Level = 25107
Support1 24247 Resistance1 25593
Support2 23760 Resistance2 26453
Support3 22901 Resistance3 26940


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