Pre - Market Analysis 14 October 2022

Global Market Update:
US Market Closed 827 points up, The Market US future was fallen 600 point before the market open. The US market opened with huge gap down and recovered and closed with 827 points up! The market digested the inflaction data from US.

Indian Market Update:
Expect to open huge gap up around 17250 - 17300 SGX is trading with 350 points up around 17300 , Nifty to face support at  PD High points that is 17110 - 17120. 

Standard Support and Resistance for Index

Nifty
Support 1 - 17110 - 17120
Support 2 - 17020 - 17030
Resistance 1 - 17250 - 17260
Resistance 2 - 17410 - 17420

Bank Nifty 
Support 1 - 39050 - 39060
Support 2 - 38700 - 38720
Resistance 1 - 39400 - 39420
Resistance 2 - 39650 - 39660

Stock Selection
1) Short term Buy HCL above 992 SL 972
Target 1020.

Note: The above Stock selected only for education purpose, Do your own analysis and trade.
MP is not responsible for Traders profit and loss and we never force anyone to buy