Market Outlook for Friday, 04-10-2024: Navigating Key Market TrendsOctober 4, 2024 trademaster October 3, 2024

Market Outlook for Friday, 04-10-2024: Navigating Key Market TrendsOctober 4, 2024

Let’s explore today’s market outlook for two major indices: Nifty 50 and Bank Nifty.

Nifty 50 Analysis:

ScenariosDescriptionPositions to be Initiated
INifty above 26,088Continuing Bullish
IINifty between 26,088 and 25,639Sideways
IIINifty below 25,639Continuing Bearish

The outlook suggests a bullish trend for Nifty 50 if it sustains above 26,088, with a bearish sentiment if it falls below 25,639.

Bank Nifty Analysis:

ScenariosDescriptionPositions to be Initiated
IBank Nifty above 54,226Continuing Bullish
IIBank Nifty between 54,226 and 53,354Sideways
IIIBank Nifty below 53,354Continuing Bearish

For Bank Nifty, the index remains bullish above 54,226, while bearish signals are expected below 53,354.

Stay informed and trade wisely. 📈🧭 #FridayTrading #Nifty50 #BankNifty #TradeEncore

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