Hello Friends

October Month has been very positive for markets. After the announcement of recapitalization of public sector banks, FIIs have turned net buyers, also F&O long rollovers too indicate bullishness.

The winning spree is expected to continue and nifty may scale to 10500 where the highest call option writing is concentrated.

In my previous article, I have been telling investors when markets were at 9800, to look those levels as an opportunity and the euphoria is likely to settle down until the end of festive season.The markets have reacted in a similar way with things changing within a month.

Hold on your investments, will be updating new levels after 10500.

Thanks !!!

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Market reached 10500 (almost), but has pulled back this week without much of negative news (except for oil). DIIs have sttarted selling. Is the party over?

Markets are in consolidation phase, nothing to worry, expecting to see a rebound in a day or two.........10200 remains crucial support for nifty......be positive.

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