Nifty View 30 SEP 2019

Nifty Weekly View: Nifty closed below 11539, which is an indication of weak markets and may result in gradual decline towards 11400 with a major support at 11450. Below 11400, it would fall to 11300, which is 38.20% retracement of the entire rise from 10670 to 11694. If markets are really strong and in the force of crossing previous high (12103) then it would not fill the bullish gap Nifty has kept between 11416 and 11382. On Monday, we can expect firework below 11490.
For the day the strategy should be to take short sell trade below 11490. Keep final stop loss at 11540 for the same. Sector specific: Private banks and Infrastructure stocks should do well.
Spot